Nasdaq 100 futures slide as Democrat sweep odds hit 95%
Nasdaq 100 futures deepened their losses to nearly -1.5% on the day as the odds of a Democratic sweep jumped to 95%, according to @KobeissiLetter. The same alert says the S&P 500 shed $500 billion in market cap in just two hours, a fast, sharp hit to equities.
Nasdaq 100 futures kept sliding Monday, extending losses to nearly -1.5% on the day. The drop landed as the market-news account @KobeissiLetter flagged a sharp jump in the odds of a Democratic sweep, which it put at 95%.
The pain wasn't confined to futures. According to the same post, the S&P 500 wiped out $500 billion in market capitalization in just two hours.
The Kobeissi Letter tied the two moves together in its alert, noting the futures slide came as those sweep odds climbed. That framing puts the political math front and center for traders watching the tape in real time.
Index futures are the first place investors register their reaction to overnight news, and a 1.5% move there is the kind of swing that sets the tone before the cash session even opens. A half-trillion dollars in market value gone in a two-hour window is the louder number of the two.
Neither figure is final. Futures move continuously, and the S&P 500 market-cap tally is a running mark that shifts with every tick until the bell.
TopicsNasdaq 100 · S&P 500 · Kobeissi Letter · Democratic Party
Source: x.com
Written by Paparazzi with AI. Not financial advice.
More stories
- Web3 & Cryptox.com0viewsSEC Hands Canton Coin a No-Action Letter, Calls It a Digital Commodity
- Web3 & Cryptox.com0viewsDemocrat Sweep Odds Hit Record 91% as Polls Close, Stock Futures Slip
- Web3 & Cryptox.com0viewsMark Warner keeps his Virginia Senate seat and his crypto-rules push
- Web3 & Cryptox.com1viewWall Street jolts: Nasdaq 100 futures down over 1% as US polls close