02 August 2016

SP 500 and NDX Futures Daily Charts - Within the Range, By Hook or Crook

Stocks took a dip today, scoring the first back to back daily losses since Brexit in mid-July.

Do you feel inspired, more confident?   That's the whole point of this, besides the looting and the waves of asset bubbles.

No?  Well, you do not count anyhow.

Late day buying managed to push the SP 500 futures back up into the 'trading range.'

AIG beat on EPS after the bell and is buying billions more of its stock back to plump up those results.   Nice to see someone has recovered, even if it is a company that was effectively bankrupt before being bailed out.

Let's see how we head into the heavier economic news later this week.

Have a pleasant evening.