S&P500 futures are lower this morning on continued North Korea headlines. Up until late yesterday afternoon, every single named sell-off has ultimately been a tremendous buying opportunity for stocks. Anyone buying the dip or named sell-off in the S&P500 since its inception, up until late yesterday afternoon, has done incredibility well.
The jobs report is in, and the market's initial reaction was not a thumbs up, or a thumbs down... it was more of a sideways thumb. S&P500 futures moved a point in either direction before heading back to the same place it was before the report. Clearly 2017 is the most efficient stock market the world has ever seen. We are witnessing market stability in its finest hour.
After a brief pull back, the stock market has spent the last two weeks doing what its done best the last 8+ years... rally. As I pointed out one week ago it still sucks being a bear, even that move lower was not an easy trade for the bears. Each day the market moved lower, the next day many of those losses were recovered.
