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“When the lambs is lost in the mountain, he said. They is cry. Sometime come the mother. Sometime the wolf.” – Cormac McCarthy, Blood Meridian

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

US equity futures are bouncing back pre-market to start the new trading week after a 1%+ drop last Friday.  As shown below, the S&P has stabilized with less volatility over the last few weeks, giving it a chance to re-charge for an eventual breakout to new highs.  The index needs to gain about 2.9% from its current level to make a new all-time high.