FILE PHOTO: An investor places his hands on the back of his head in front of an electronic board showing stock information at a brokerage house in Hefei, Anhui province, China, May 2, 2012. REUTERS/Stringer
That combined with the lack of a Brexit deal to cut 1% off FTSE futures, while EUROSTOXX 50 futures shed 1.5%. The news saw futures for the S&P 500 jump at first, only to fade to a loss of 0.1% as the session progressed. “Positioning is getting over-extended as policy support and profits are peaking,” he said in a note. “Expectations for higher growth, inflation and lower interest rates have become consensus and investors are positioning for a very rosy scenario of low volatility and high growth.”Another popular trade has been shorting the U.S. dollar and again positioning was looking over-extended by many measures, giving the currency some respite on Monday.
Playing with the minds of the ignorant is a crime, although in the case of the stock market it is their main profit.
O V E R R E A C T I O N...
Day-traders... cue up a payday... said so...
thanks
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