I’ll give you a quick rundown of what's been going on.
The Fed stepped in yesterday and announced an emergency interest rate cut before the pre-market trading session opened. When the markets did open, equity index futures immediately traded 5% lower, and were locked limit down until this mornings 8:30 AM CT opening bell.
Once regular trading hours commenced, stocks continued to fall, triggering the 7% circuit breaker and forcing a trading halt. Since then, things have calmed down a bit, but volatility is still at extreme levels.
The violent swings we continue to see can be very unforgiving when you make a mistake, so please stay diligent when attempting to trade this week - we expect this volatility to continue !