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Market Commentary

Futures sharply lower as selloff continues

07:30

Stock futures are indicating an extension of yesterday's selloff as the market's rout looks set to continue. There was nothing in the way of macro news, but global markets followed yesterday's U.S. performance and moved sharply lower. The S&P has now pulled back almost 5% from its most recent high, shifting the risk/reward as the Q3 earnings season begins. Investors will be watching the consumer prices report, initial and continuing jobless claims data, and the weekly energy inventory reports. In early pre-market trading, Dow futures are 298 points below fair value, Nasdaq…

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