Trump shoots himself in the foot- S+P 500 futures slide further

As the global markets continue to slide right now there is a deepening sense of anxiety out there and not just in terms of financial instruments either. US business are looking around for help as it becomes clear that a huge amount of US business supply chains rely heavily in imported parts and products. It also seems clear that the US President has given any of this any thought and the true implications of this measures this week. Increasingly the markets are telling him he has made a policy blunder of epic proportions. The problem is the arrogance of the man and many of his immediate team might prevent them from backing down. The Fed will be watching all this very closely and whilst they might not want to increase the panic, it seems the prospect of an emergency Fed rate cut might not be far off now. Since just the time of the last update on the Nasdaq 100, the futures are mow pricing an opening in bear market territory, below 17,777. The S+P 500 index future is fast heading that way too as it now prices an opening below 5,200