Loading ...Finally, one wonders just how long this disconnect can last?
But before you get too excited about the rally today, Bloomberg’s Cameron Crise notes that in every month since last November the direction of the S&P 500’s return on the first trading day has been reversed over the rest of the month. And in many cases, the reversal has been spectacular. So a 0.375% gain today bodes poorly for the month if history repeats…
