S&P 500 Can’t Find One Good Headline At the Moment
Everyone’s looking for good news, but it’s hard to find right now
Our View
The bulls can’t buy a positive headline to save their lives right now. As of ~4:00 a.m. ET, the ES is down about 16 handles on Globex. If it finishes lower today too, it will mark the S&P’s eighth decline in the last nine trading sessions. Hell, the S&P can't even get a sustainable dead-cat bounce for longs to unload into.
Until we get a big dow…