31 October 2016

SP 500 and NDX Futures Daily Charts - Banks and Criminal Culture and the Intersection Thereof

Stocks were weak today despite some attempts to rally them up.

The overhang of three major central bank meetings this week and the US Non-Farms Payroll had the punters sitting on the sidelines.

OPEC failed to agree on production cuts, so the price of oil slumped a bit today as well.

Two Ex-execs of Valeant Pharmaceuticals are being probed for fraud. I believe the stock has lost something like 80+% of its value since Bill Ackman pledged his fund's money to it.

Oh well, tomorrow is another day.

Have a pleasant evening.