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Hey Trader,
Equity futures dipped this morning as the Treasury yield once again jumped…
This time to its highest level in 14 months.
Things are especially shaky in the tech sector following a massive selloff on Friday.
The selling was sparked by a huge hedge fund liquidating its entire $15 billion position after failing to meet a margin call.
These positions were so large that the forced selling in Discovery (DISCA), Tencent (TME) and Viacom (VIAC) caused each of the stocks to fall by roughly half.
The bottom line?
Volatility is sky-high at the moment…
But that doesn't mean it's time to sit out or shy away from the markets.
Market Traders Daily Director of Client Services 888-228-2376
Disclaimer:Futures, forex, stock, and options trading are not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses.
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