At 8:45 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market is poised to tank at the opening bell.
The robust American economy has investors in a fretful state. As a result of the improved economy, the Fed is expected to raise the base interest rate and the free flow of money will be ever so slightly impinged. The party is almost over. Despite today's awful opening, recent trading days have shown some resilience with some recovery by the end of the day, on the other hand, it can get much much worse fast. We shall see.
CNN: Stocks: 4 things to know before the open
Traders have pushed the U.S. currency higher as they expect the Federal Reserve will be forced to hike interest rates soon from rock bottom levels. That contrasts starkly with the eurozone, where massive monetary stimulus has just started.
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