"The futures are trading lower again after a dreadful risk-off day across Wall Street, where all major indices finished the day solidly lower. The combination of President Trump's pursuit of Greenland, multiple geopolitical hotspots, both foreign and domestic, and a market that remains very overbought led to the biggest selling day we have seen since last October. With the President threatening to ratchet up the ongoing trade war, U.S. debt and equity assets took a beating, as did the dollar."
"Yields across the Treasury curve here and abroad spiked higher on Tuesday, and it's a good bet that the Danish announcement that it was selling $100 million in U.S. Treasuries fueled some of the selling. While that amount isn't nearly enought to really move markets, the headline risk for the announcement of the sale is what fueled the proverbial fire."
Futures traded lower after a broad risk-off day as all major indices finished solidly lower. Geopolitical tensions, President Trump's pursuit of Greenland, and an overbought market produced the largest sell-off since last October. Trade escalation threats hit U.S. debt, equities, and the dollar. Major indices moved sharply lower: the Dow, S&P 500, Nasdaq, and Russell 2000 all posted notable declines. Treasury yields spiked globally, with the 30-year at 4.92% and the 10-year at 4.29%, while a Danish $100 million Treasury sale headline and a JGB meltdown amplified selling. Oil and gas were mixed after tariff threats and a temporary Tengizchevroil shutdown; Brent closed at $63.90, down 0.06%.
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