ZH: Nasdaq futures tumble, stocks slide as SoftBank unwinds, dollar jumps

ZERO HEDGE writes:
If SoftBank’s presence in the public markets was enough to send global markets to 9 consecutive all time highs while stretching tech valuations to unprecedented levels, then it is to be expected that SoftBank’s unwind of its notorious “Nasdaq Whale” trade as we reported yesterday, would send risk tumbling and sure enough Nasdaq futures plunged over 2% on Tuesday, leading a drop in European stocks and S&P futures, while …

The post ZH: Nasdaq futures tumble, stocks slide as SoftBank unwinds, dollar jumps appeared first on The Loadstar.

Source: The Loadstar

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