Via Dave Lutz at JonesTrading, here’s a quick guide to what traders are saying before markets in the US open to start 2016.

Good Morning! China whacking us this AM, with US Futures off almost 2%. Shanghai closed early after 7% drop. Blamed on: Lighter PMI data, China’s renminbi hitting a 4Y low, New IPO rules, and selling in anticipation of China Short Sales Ban on 5% holders to be lifted Friday. Full on bloodbath in Europe, with the DAX off 4% in very heavy turnover as it plays catch-up with the late sell-off last week — every major sector read more >>>

Source : BusinessInsider.Com