For a change, futures down.
In 15 of the past 17 trading days, stocks have gapped up with a total number of 97.9 S&P points. But…the S&P is only up 87.8 points during that time. This goes hand in hand with a NY Times article we read in early 2018. The article went on to state that all the gains in the market going back all the way back to 1993 came outside regular trading hours. We checked. It is correct. Just saying. After all…it all counts.
Energy prices spiking as the president cuts off Iran exports. Every 10 cents at the pump over a year’s time is $10 billion out of the consumer pocket.
HEALTHCARE stocks to see how they bounce after the recent mini-meltdown.
Tons of earnings this week and the next few weeks.
The SEMIS…what else?
10 year yield while back up is still at 2.578.
The Fed this week…blah blah easy money.
Personally, would love to see some selling just to wipe the smiles off the bull’s faces and throw just a little doubt into the market. This will actually help the market going forward.