In today's update:
1) Bonds soared once again on Wednesday causing Global Equity markets to have one of their worst days of the year. The Dow Jones Industrial Average dropped 800.49 or 3.05%, the S&P 500 fell 85.72 or 2.93% while the NASDAQ 100 closed lower by 242.42 or 3.02% and the Russell 2000 finished lower by 43.05 or 2.85%.
2) Crude Oil Futures closed sharply lower on yet another build in U.S. Crude stockpiles while Gold Futures spiked $13.20 or 0.87% as investors continue to seek safety. The Bond market soared to new highs driving yields lower and the 10-Year Treasury Note settled at 1.581%.
3) Equity Futures continue to fall in the after-hours trading session as do stocks in the Cannabis sector. After-market close, Canopy Growth Corp. (CGC) reported a much wider than expected loss for the quarter due to a one-time charge related to the expiry of warrants held by Constellation Brands Inc. (STZ). Shares of CGC are currently trading lower by $3.59 or 11.24%.