Futures signal further retreat for equities


Janet Yellen's initial performance continues to get a thumbs down from markets, with S&P 500 (SPY) futures retreating 0.3% following yesterday's post-press conference slide. Fed speakers are set to hit the circuit within 24 hours and expect either clarification or confirmation of Yellen's musings concerning the end of QE (she tipped earlier than expected) and the beginning of rate hikes (she suggested six months after QE ends).

Europe's off about 1% and Asia was sharply lower overnight.

The 10-year Treasury yield is up two basis points to 2.78% and gold continues its retreat, -1.1% to $1,327 per ounce.

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Comments (2)
  • al roman
    , contributor
    Comments (16591) | Send Message
     
    Waiting for that breakout into the defensive sectors,the positions set,first in guaranteed.I don't percieve rates as a major problem at present.
    20 Mar 2014, 07:28 AM Reply Like
  • al roman
    , contributor
    Comments (16591) | Send Message
     
    May not happen the wait to 3:30pm pattern seems to be over.
    20 Mar 2014, 09:36 AM Reply Like
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