Art Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss why a 4,000 S&P support level could signal further selling, what traders are watching today and whether this week's inflation data will matter to equity markets.
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Francisco Gimeno - BC Analyst Stocks have lost a lot, the worse since many months ago, and crypto matches this too. S & P have been under 4,000 support level for some days (today finally over 4,000). What does this mean if, as Cashin says, 4,000 as a support level may signal further selling? Well, we will see. As usual we will have other other data to count like inflation data in US, etc and their importance to markets specially to equity markets. Stocks have lost a lot, the worse since many months ago, and crypto matches this too. S & P have been under 4,000 support level for some days (today finally over 4,000). What does this mean if, as Cashin says, 4,000 as a support level may signal further selling? Well, we will see. As usual w (…more)