Quick Morning Thoughts
Morning Reads, News, Charts and more
S&P500 futures are up .33% to start the week. Nasdaq 100 futures are up almost 1%. The tech collapse of two Fridays ago is in the rear view mirror, but it's left some cracks in the road ahead.
This morning S&P500 futures traded to a new all time record high. Since the dawn of man, every single call for a market top was wrong. All those negative blog posts, tweets, headlines, news articles telling you to sell your holdings.... wrong, wrong, wrong. What's truly more stunning is the daily fear mongering that persists. It doesn't take long to find an article, a tweet, a headline, that says the stock market is overvalued and is about to come crashing down.
S&P500 futures are slightly lower to start the holiday shortened week. Morning weakness in 2017, and almost every other year since the financial crisis, more often than not morphs into afternoon strength. It's safe to say it won't be any different today.