Below is the latest machinations within the “markets” using the same chart of the S&P 500™ that I’ve been using continually. The only change (as in the latest) I’ve made is noting where the day session ended today e.g.. Wednesday. To wit:
As we sit currently: all of the gains for 2020 have now been nullified. What is far more relevant implied in that statement is this…
All the proclamations you heard on CNBC™ the day I made that first notation “Today…what a difference…” have also – all been nullified. Just as I said they would.
Here’s a refresher for those that may not have heard them.
“…today’s pullback is a drop in the bucket”
“…what we’ve been waiting for – a healthy pause that refreshes”
“…the damage today is really not as bad as it looks”
But what do I know.
© 2020 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.