Stocks dropped today as third-quarter earnings kicked off. Though recent data that points to a continued steady reopening of the economy has been encouraging, economists expect companies within the S&P 500 financials sector to see earnings decline by 19.4% over the last year.
Read MoreWhile I’m getting new momentum signals on individual stocks, the picture I’m getting at a higher level — when I look at industry groups, broad sectors and major global stock markets — isn’t so compelling or bullish.
Read MoreYesterday, I recommended you make this trade on expected rising volatility heading into Election Day.
Read MoreThe CBOE Volatility Index (VIX) gapped higher at this morning’s open. And its recent low, made three or four days ago, was higher than its previous low, from the last week of August.
Read MoreThis market made a strong bullish run from April through August before pulling back a bit and trading in a classic consolidation pattern.
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