Buy the rumor, sell the fact perhaps
SPY close down yesterday -0.26% snapping a 4 day winning streak. The Nasdaq-100 index briefly touched a record high before rolling over to close more than 0.7% lower.
Labor Department’s latest jobs report is scheduled for Friday at 8:30 a.m. ET. Expected unemployment 20%.
ES futures are again higher 30 handles (+0.97%) as of now, as bouyant Wall Street/ distressed Main street roots dig in deeper.
Waiting for the buy the rumor sell the fact narrative to start emerging if the past few days liquidation breaks start to take hold earnestly.
Labor Department’s latest jobs report is scheduled for Friday at 8:30 a.m. ET. Expected unemployment 20%.
ES futures are again higher 30 handles (+0.97%) as of now, as bouyant Wall Street/ distressed Main street roots dig in deeper.
Waiting for the buy the rumor sell the fact narrative to start emerging if the past few days liquidation breaks start to take hold earnestly.
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