The equity market just cannot catch a bid. You can attribute this to whatever reason you wish (slow economy, debt ceiling debate anxieties, the government shutdown, etc.) but the fact is that supply is outweighing demand at the moment. When it will end is anyone's guess.
You could cover the screen below these comments and likely know what the price/volume heat map looks like. Supply far outweighed demand, as it has been sans one or two trading days for a week or two now. In fact, demand was almost nonexistent across all sectors. So far this morning, futures are indicating a positive open. We shall see if this optimism (?) carries through the rest of the day.
You could cover the screen below these comments and likely know what the price/volume heat map looks like. Supply far outweighed demand, as it has been sans one or two trading days for a week or two now. In fact, demand was almost nonexistent across all sectors. So far this morning, futures are indicating a positive open. We shall see if this optimism (?) carries through the rest of the day.
No comments:
Post a Comment