S&P Halted For 15 Mins After Opening Plunge Triggers 1st Circuit-Breaker As we noted pre-open, S&P futures were locked limit-down 5%, but as we noted SPY was trading down 7.5% in the pre-open... and now that the cash S&P 500 has opened and tumbled 7%... ...it is now halted for 15mins as the first major circuit-breaker has kicked in. As a reminder: If the S&P 500 declines 7%, (208 points), trading will pause for 15 min If declines 13%, (386 pts) trading will again pause for 15 mins If falls 20%, (594 pts) the markets would close for the day. Additionally, Canadian stocks are down 7% at the open, the most since 2008; and Brazilian stocks are down 10% at the open, triggering their circuit breaker. This has entirely erased all the Fed liquidity-add gains... S&P is now unchanged since January 2018... Buy and hold? Tyler Durden Mon, 03/09/2020 - 09:36