Big turnaround overnight in the indices. Also, CNN Fear & Greed Index was at 14 yesterday and has now rebounded about 10 points to 24 - which is still in the extreme fear camp:
That said, stock indices are firmly green.
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6:00 AM EST Futures have faded to a lighter shade of Green. Back to bed. Might sit on hands today and let this all shake out.
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8:30 AM EST Futures show more fading from early morning bright green. Note the Russell has turned red during the past two hours.
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Definitely going to be a sit on hands day for me. Good luck all of you.
I’ll come back mid-day and check on volatility and any overhyped stocks now crashing. Yeah, the Russell Index will be one to focus on today.
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