Futures Slide In Downbeat Start To New Quarter

Futures Slide In Downbeat Start To New Quarter

Tyler Durden

Wed, 07/01/2020 – 08:10

Following Tuesday’s last 10 minute spike which only emerged as there were not as many sellers as some had predicted (such as JPMorgan whose forecast of $170BN in forced quarter-end selling failed to materialize), global markets have been under pressure to start the new quarter, and S&P futures fell on Wednesday as today the corona mood was one of concern over hope (this is sure to reverse tomorrow) as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown, while fresh signs of geopolitical tensions involving Hong Kong where the first protesters were arrested under the new security law also triggered some selling.