Says whoBull market correction.
"A quick survey by Bloomberg News of 10 sell-side and buy-side traders saw a "little uptick in hedging activity" on Tuesday and early on Wednesday. However, others are seeing investors step in to add to positions, while a majority of sell tickets are being driven by passive funds off program desks." MSN
The S&P 500 Index (SPX) is notably lower today, with tech stocks pacing a broad-market decline. However, the index recently did something it hasn't done in three months -- and if recent history is any indicator, the signal suggests traders may want to buy the dip.
Specifically, the S&P ended at least 0.5% above its intraday low for three straight sessions: Oct. 5, 7, and 8. This signal has flashed fewer than 100 times since 2010, including on Nov. 9, 2016, at the start of the "Trump rally." The last signal, on July 9, 2018, preceded a healthy climb to new highs for the SPX.
In case you missed it
Right....there are those that think they know and those that don't know they don't know...Did I say that right....Nobody knows nothin'
The White House, most likely Kudlow.Says who
I actually found a couple interesting individual bonds to buy today. One person's garbage in another person's treasure.
Lol, that mountain air has you dumpster diving for the good stuff eh? Any snow out there yet?