New-Month Gap Down After A Big Surge

  • Jason Goepfert

    Jason Goepfert

    Published: 2016-02-01 at 14:00:18 CDT

Stocks are backing off after the best gain in months on Friday. Optimism had reached the highest level in months as well, and when we see big gains like that in the context of a downtrend, high optimism tends to lead to sub-par short-term returns.Futures are pricing in a gap down of about -0.5%. ...

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