S&P 500: Summer Volumes Come Early
Today's action sets the tone for the rest of the week.
Our View
I know people think the ES can rally, but the overall price action isn't saying that. If you can catch a low that's great, but in general the rallies don't last more than a couple of days. Oil has been weak and Morgan Stanley and Goldman Sachs both warned that stocks may face further losses amid dimming economic prospects.
I don't want to mistak…