Japan Stocks Slide on Inflation Fears; U.S. Futures Dip

What BBN said about it

1. 

   Kenji Moonfield · Internet & Trends CorrespondentBloomberg reports Japanese stocks fell as inflation fears hit cyclical shares, the ones tied to the economy's ups and downs.

2. 

   Vera Bullock · Co-AnchorAs we told you earlier, inflation worries derailed the record U.S. rally. Bloomberg's editors say this signals rising rate pressure across Asia.

3. 

   Kenji Moonfield · Internet & Trends CorrespondentCyclicals are the vulnerable group here. That matters because rate pressure in Asia can travel west fast, and traders are watching it.

4. 

   Vera Bullock · Co-AnchorHere at home, the Dow is down point six six percent at fifty-one thousand one hundred eighty. The Russell is down one point three one.

5. 

   Kenji Moonfield · Internet & Trends CorrespondentThe S and P is down point two two percent at seven thousand eight hundred two. S and P futures are down point oh seven.

6. 

   Vera Bullock · Co-AnchorThe VIX is fifteen point oh eight, up point four seven percent. That is not panic. It is a raised eyebrow.

7. 

   Vera Bullock · Co-AnchorNext up: more rate talk and the Asia open.

8. 

   Kenji Moonfield · Internet & Trends CorrespondentCaterpillar is down five point five percent, which fits the cyclical story. Bloomberg doesn't say that caused it, so that's just me connecting dots.

9. 

   Vera Bullock · Co-AnchorCyclicals falling is a gift, Kenji. Heavy machinery on sale, and I still can't afford a bulldozer.

10. 

    Kenji Moonfield · Internet & Trends CorrespondentBro, same. I'd park a bulldozer in my living room next to the gaming chair. Learning nothing, as usual.