Signs of a top or just noise?

|By:, SA News Editor

Continuing their recent selloff, equities are sharply lower this morning after the DJIA closed more than 600 points lower Friday, marking only the ninth time in history that has happened.

Bears appear to be fearful about the sudden acceleration in bond yields, which increases companies' borrowing costs, amid increasing concerns over inflation and aggressive policy tightening.

U.S. stock index futures: Dow -0.8%; S&P 500 -0.5%; Nasdaq -0.4%.

Oil is down 0.4% at $65.18/bbl, gold is 0.2% higher at $1340/ounce and the 10-year Treasury yield is up 1 bps to 2.85%.

ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV

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