To gain an edge, this is what you need to know now.
Stock Market Dodged A Bullet
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the Morning Capsule, we wrote:
S&P 500 futures have fallen below the key level of 3950. Nasdaq futures have fallen below the key level of 11,900.
- The chart shows the stock market was consolidating before Atlanta Fed President Bostic spoke.
- The chart shows when Bostic spoke.
- The momo crowd was encouraged by what Bostic had to say.