S&P futures have reversed this morning’s gains for a full 2% decline. High beta is leading the charge down on heavy volume. Not exactly the kind of action you see at a bullish reversal point in a rally. Of course, we’re not day traders here at TPC nor do I emphasize such trading, but this it notable action on a day when the data appeared quite positive.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.