We're going to use as few words as possible to discuss what's happened and what's about to happen with the S&P 500 this week.
First, looking backwards, we'll observe that stock prices are largely behaving as expected. Mind the notes in the margin of the chart below:
Second, looking forwards, because they are behaving so much as expected, our alternative futures chart suggests something wickedly interesting is coming this way.
We don't think it will be as quite as interesting as what this second chart suggests, but let's have this week play out and see how things develop. Hopefully, it won't be boring.
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Closing values for previous trading day.
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