S&P 500 Snapshot: Trading the Political Press Reports
From dshort.com - Advisor Perspectives
November 29, 2012 - 4:58pm
Nov 29, 2012 Doug Short The pre-market data for GDP and initial unemployment claims gave us no surprises. As the futures indicated, the S&P 500 opened higher and hit its intraday high, up 0.69%, about thirty minutes later. The intraday volatility was largely triggered by political posturing on the Fiscal Cliff. But let's face it; the market's horizon doesn't extend out as far as the end of the year. We're in gaming mode, trading on political press reports, and that's what we saw today. Today's S&P 500 trading game ended with a modest gain of 0.43%.More...
November 29, 2012 - 4:58pm
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