Stocks Diving After Bad Data
Following the release of worse-than-expected retail sales data this morning, markets have descended further into a bout of risk aversion in Thursday trading.
S&P 500 futures are 0.7% lower, trading at 1804, while U.S. Treasury futures are surging, and the dollar is sliding against the euro and the yen.
The charts below show the moves in various markets. Across the top from left to right are S&P 500 futures, the dollar-yen exchange rate, and the euro-dollar exchange rate. Across the bottom are gold futures, 10-year U.S. Treasury note futures, and December 2016 eurodollar futures.