Seriously, this is too easy...
Dow and Trannies were lower on the day as the Nasdaq just kept chugging higher (Nasdaq Composite up 14 of the last 17 days)
On the week The Dow is the laggard (but still green)
Brexit day has finally arrived, and despite this major "risk event", European and Asian stocks are trading mixed, while S&P futures are just fractionally lower as a bounce on optimism over the American economy appears to have fizzled and President Trump continues to struggle to pass his legislative agenda. The pound first dipped then rose as the U.K. is set to begin its life outside the EU.
It appears we can now add "consumer confidence" to fake news trash heap.
Roughly at the same time as the allegedly apolitical Conference Board reported the highest consumer confidence print in 17 years...
... not to mention the most optimistic outlook on stocks since 2 months before the dot com bubble burst, a very different number emerged from a similar poll by Gallup.
First, a reminder of what the Conf. Board said this morning:
Don't play...
The BTFD'ers were back early on, but once the S&P got within a tick of green, shortly after Europe closed, things stalled, only to ramp again in the last hour, pushing S&P into the green, but that was it...
Authored by Lance Roberts via RealInvestmentAdvice.com,
In this past weekend’s missive I wrote:
“Speaking of low volatility, the market has now gone 108-trading days without a drop of 1% for both the Dow and the S&P 500. This is the longest stretch since September of 1993 for the Dow and December of 1995 for the S&P 500.