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Equities Extend Friday Losses - Dow Futs Down 200 Points From Post-Hawkish-Fed, Pre-BoJ-Hope Highs

Despite the world seemingly exuberant at Turkey's fraud election, sparking the biggest rally in the Lira since Nov 2008 (confirming once again that "markets love totalitarian governments,") it appears the centrally-planned machinations of the US equity markets are not living up to their promises of wealth for all (and rate-hikes don't matter). US equity futures are opening notably lower, erasing all of the post-Fed exuberance with Dow Futs down over 200 points from pre-BoJ hope highs.


Lira loves the 'fix'...



And maybe higher rates are bad after all...

Charts: Bloomberg