OVERNIGHT

Stocks were down Tuesday in Japan as negative interest rates hit the banking sector coupled with falling energy price in the U.S. Oil traded around $35.32 and the yen 110.76. The Nikkei was off a little over 2% at 15,759.

Most other markets in the area were also down with the Hang Seng off 1.42%, the Australian and South Korean markets were also down. The Shanghai Composite Index was the only one heading higher in what has been a recent surprise gaining 6% over the past two months while the Nikkei has lost around 7% in that time.

Investors may be coming to realize that there is a limit to what central bankers can do with their wild schemes and that could well spell big trouble for markets going forward. Meanwhile, the Australian central bank held its interest rates at 2% and conflicting statements by members of the Federal Reserve since Chair Janet Yellen's dovish talk last week could also bode trouble for markets.

A further concern is the yen may be signaling less of a trade advantage in its export markets. Gold was higher