Futures Crater As Fedex Ushers In The Global Recession On $3.2 Trillion Triple Witch Day

"Another day, another selloff, this time one driven by a catastrophic repricing by Fedex, which
has plunged by the most ever this morning, down 20% and losing over $11BN in market cap......with equities extending declines with an index of global stocks on track for the worst week since June....edEx (FDX US) shares plunged 20% in US premarket trading after the package delivery giant pulled its fiscal 2023 earnings forecast, triggering a raft of downgrades from analysts, including at KeyBanc and JPMorgan. Amazon (AMZN US) and UPS (UPS US) also fell." ZH