BREAKING: Dec opens with $SPDR S&P 500 ETF Trust(SPY)$ down almost 1%
A single session revealing how fragile the market really is.
SPY key levels of support are at $678 and $675. If we fail that there big demand zone from $670-$672.50 (see chart below).
The day the “soft-landing” dream met its first real test.
While traders positioned for a calm December, Bitcoin collapsed below $87,000, triggering a broad crypto-equity spillover.
SPY futures slipped 0.5%. MAG7 all opened red. $Meta Platforms, Inc.(META)$ fell 1.1% in pre-market alone.
The market moved before the bell even rang.
Japan fired the second shot.
The 2-year JGB yield surged to its highest level since 2008, after Governor Ueda delivered the strongest hint yet of rate hikes.
Global bonds instantly repriced: the 10-year US
Treasury jumped 3 bps to 4.04%.
The Yen outperformed every major currency.
A single signal from Tokyo rewired global risk in minutes.
Then energy lit the third fuse.
A Kazakh–Russia pipeline anchor was damaged, forcing a suspension in Black Sea loading.
Brent pushed back above $63, with silver and copper hitting fresh highs.
This is not a “market wobble.”
This is cross-asset stress converging at once.
Crypto selling.
Bond volatility.
Commodity spikes.
Currency dislocations.
December didn’t open quietly. It opened with a warning.
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