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Transcripts For BLOOMBERG Bloomberg Markets 20160909

Newsroom. Abigail it is great to be here on this selloff day. We have the three major averages sharply lower. That dow and s p 500 near special lows, the third day of declines. On pace for weekly declines, breaking the complacency for the u. S. Equity averages. Over the last few months, the s p was on day 43 of not making a 1 move. That has been broken. There are technical reasons the downside could continue. , thisk in the bloomberg is a twoyear chart of the s p 500. It is traded in a range. The orange oval is the range of complacency. That thisreasons could break toward the downside or to the bottom of the range. There could be more to come where todays risk off. One reason for the risk off oil confirming the risk off tone with oil down 2 on the session, paring gains. Investors seem to be reconsidering the plunge in stockpiles reported earlier, saying it is a oneoff due to a storm. The majors down, including chevron and show. The s p 500 energy index on pace for the worst decline sin

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