S&P 500 down 20 points as everyone cashes out to buy lottery tickets
The amount of bearishness in our twitter feed suggests everyone has sold all their stocks and bet the retirement on winning today's $1.5 billion Powerball draw.
The S&P 500 rose as high as 1950 in early trade but it's slipped down to 1919, which would be the lowest close since early October.
At this point, it looks like we're headed to a retest of 1867. It's not that bad out there but I'm guessing FX headwinds are sparking some concern about poor fourth quarter results.
It happens time and time again that a wave of selling hits before earnings and then when earnings miss by 'just a little' the market roars back.
In the meantime, you don't need a ticket to win a slice of today's Powerball draw, you just need to follow the instructions here.