WEDNESDAY 9/23/15; Autumn Begins in Northern Hemisphere; Yom Kippur; Global PMI’s; Global Selloff Cascades to Asia; SCS

At 8:50 AM Tokyo (7:50 AM Shanghai and Hong Kong; 7:50 PM EST Tuesday evening), US futures are negative. S&P -5. Dow -40. Nasdq -13. Euro 1.1122. Dollar/yen 120.10. Pound 1.5351. Aussie dollar is 0.7075 under the 0.71 level; commodity currencies are punished the last 
























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........ 80% of the S&P 500 stocks are in -10% correction mode off their respective tops. 30 of these loser stocks are over $100 billion in market cap including GILD off -14%, DIS -16%, C -17%, INTC -24% and CVX the worst performer down -38%.

Fed’s Lockhart is a talkative character this week speaking three days in a row. Lockhart says market participants need to focus on the positive direction of the US economy and pay less attention to the emerging market turmoil. Lockhart talks up the economy ahead of Fed Chair Yellen speaking tomorrow after the closing bell. Congress is in discussions concerning the raising of the debt ceiling to avert a potential US government shutdown in seven days.