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The S&P Futures Fakeout: Down at Dawn, Up at Noon, Then a Fade

  • It’s a pattern that’s been played out over past two months
  • Performance may reflect sentiment in U.S. versus elsewhere
Bloomberg business news
What S&P 500 Volatility Signals About Stocks

If you’re a stock trader, you probably sense this.

It’s the daily contour of the U.S. market, displayed in a composite chart that averages five-minute price points in S&P 500 futures over the last two months. The picture is of a benchmark that steadily weakens overnight, perks up when American traders hit their desks, then slowly fades into the close.