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Futures are only modestly lower this morning, but that’s not for a lack of negative headlines. Between the conflict with China, the fight between Twitter and the President, and protests and disorder in Minneapolis, there’s no shortage of cross currents.
Be sure to check out today’s Morning Lineup for a rundown of the latest stock-specific news of note, news in global markets, global and national trends related to the COVID-19 outbreak, and much more.
This morning, we wanted to provide a quick update on market breadth to close out the week. Ever since the peak in February, breadth and prices had been tracking each other pretty closely, although breadth has been lagging price a bit off the lows. After several short-term highs where breadth didn’t confirm the high, though, on Wednesday, the cumulative A/D line for the S&P 500 finally confirmed the rally in prices with a post 3/23 high.