Summary
- The stock market correction is likely ongoing, with the S&P 500 down 8% and NASDAQ 100 down over 10% from their peaks.
- BTIC Adjusted Rate S&P 500 Total Return futures indicate declining demand for equities, suggesting the current rally may not last.
- BTIC Adjusted Rate S&P 500 Total Return contracts have not rebounded and sit at a critical support level; a break below 60 bps could signal further market declines.
- Monitoring BTIC Adjusted Rate S&P 500 Total Return can provide insights into investor sentiment and leverage demand; continued drops may indicate more equity market declines ahead.
- Looking for a helping hand in the market? Members of Reading The Markets get exclusive ideas and guidance to navigate any climate. Learn More »
Rost-9D
The stock market correction is likely not over and is still in its early stages, based on the very sharp decline in the BTIC S&P 500 Total Return futures. While the S&P 500 (SP500) has rebounded somewhat
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