Monday Morning Market Minutes
The market started the day weak, bounced and then came back down later in the afternoon.
S&P500 futures start the trading day off lower. 2016 has been littered with weak mornings that turn into strong afternoons.
These dips have lured in the buyers day after day. Will this action continue?
The market is closed tomorrow, for all intents and purposes today is really Friday, just like negative interest rates are really a positive. Welcome to 2016 where the stock market goes from a bear market to a new bull market in one months time.
The pattern from last year is playing out almost to perfection this year. Earlier this week I mused that that pattern was running out of gas.