FYI: Before the open this morning when we saw the above headline, our natural inclination was to think that equity futures were showing a rather sizable decline. So we were surprised when we looked at the market and S&P futures were down just one point, even as fair value was down three points. In other words, despite the negative headline, futures were indicating a flat to positive open! This morning’s episode is just one more in the long list of examples where investors, pundits, and headline writers have been chomping at the bit to put the nail in this rally. It seems like every day, there’s a negative headline saying what’s wrong with the market, but by the time the closing bell rings, stocks finish in the green.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/six-for-six/
