Home sales slump but stock index futures march higher
This bull is proving to be stronger than most analysts had anticipated. Even in the midst of Friday’s strong counter-trend tendencies and disappointing home sales data, stock index futures continued to maintain a bullish bias. On the futures side of things, traders are only holding mildly bullish bets (according to the CFTC’s COT Report) and this leaves some room for further gains (not everyone is on the band wagon), yet in equities it seems the bus has gotten too full. Such an
