Markets Spinning Out of Control: Yesterday’s Chop on Full Display

Can stocks hold this morning's gap-up?

Our View 

I know I talk about this a lot, but it feels like the markets are spinning out of control. I know when they go up people are ok with it, but it really isn't OK. Late yesterday, the ES ‘tanked’ and after 4:00, it reversed higher. Based on the close and it being the end of the month, I think the markets could move higher today.

Whether we rally fo…