Economics
U.S. Stock Bulls Refuse to Listen to the Warnings to Bail
- Retail options market showing optimism last seen in 2000, 2007
- Meanwhile, Wall Street strategists can’t stop ringing alarms
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Going by the reaction in China, you would’ve thought global markets were in for a thrashing after President Donald Trump’s latest belligerence on trade. And while a few cracks widened, in the end it was another muffled reaction in U.S. stocks.
For the S&P 500 Index, declines that swelled past 1.5 percent in overnight futures trading shrunk to one-third of that by session’s end. The technology-heavy Nasdaq Composite Index was down just 0.3 percent. Only the Dow Jones Industrial Average suffered notable damage, falling 1.2 percent due to losses in high-priced stocks Caterpillar Inc. and Boeing Co.