Unless there is a dramatic change in the European markets in the next few hours, there is going to be significant follow-through to the post-FOMC selloff in the US. Here are a few screen shots as of approximately 3:30 AM Central.

Asia Pacific

Europe

US Futures

S&P; 500 Down 18 points – 1.6%
Nasdaq 100 Index Down 31 Points – 1.4%

We have seen futures turn around countless times. Unless the ECB or EU has another rabbit in its hat, this one will stick.

Mike “Mish” Shedlock
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