04 April 2016

SP 500 and NDX Futures Daily Charts - The Demise of the MIddle Class

The financial class tried to whistle up an add-on rally today on 'better than expected' economic numbers that were rather dismal in fact.

And so stocks drifted lower again today after the initial rally attempt on lackluster volumes.

Earnings season is just around the corner. Let's see if the continuing transfer of wealth from the working class to the financial asset manipulation sector can keep those corporate profits at these lofty valuations and phony expectations.

Have a pleasant evening.