US stock market open 4 January 2016
– S&P -21pts to 2022
– Dow -130pts to 17295
– Nasdaq -110pts to 4896
US 10 year yields 2.22% -4bp
Watch the early exchanges. There’s going to be some catch up to the weekend/overnight news but if we see a quick reversal then that could change the trading landscape for today. Conversely, if the losses are maintained then that could sour sentiment further