Today's market outlook is negative, but in transition.
after market update: actual S&P +6.3, market mixed with DOW ending -7.8
Longer term outlook:
The social mood trend is down. The stock market is over 9% above what social mood will support. This divergence should be approaching resolution over the next few months.
Both social mood and the news signals indicate a downward day is most likely. However, the social mood pattern is in transition; a short term bottom may be near.
Today’s social mood signal is -6.1 S&P points. Social mood appears to be breaking down below support. Markets tend to follow social mood more often than not.
after market update: actual S&P +6.3, market mixed with DOW ending -7.8
Today’s news signal is -1.4 S&P points; news momentum indicates a short term bottom may be near. News tends to follow the general trend of the market, but on a daily basis, can either lead or lag the movement of the market. As we’re currently in an inverted news cycle, today’s news may be perceived as slightly positive (yet bad for markets).
Near term outlook:
The social mood pattern corresponds with violence and volatility, but appears to be is in transition. Common news events associated with the current pattern are violent protests, terrorism, and geopolitical escalation. Also, events that portray a theme of surprise, action, fires, and explosions.
The social mood pattern corresponds with violence and volatility, but appears to be is in transition. Common news events associated with the current pattern are violent protests, terrorism, and geopolitical escalation. Also, events that portray a theme of surprise, action, fires, and explosions.
end of day update-- some top news stories with today's themes:
Longer term outlook:
The social mood trend is down. The stock market is over 9% above what social mood will support. This divergence should be approaching resolution over the next few months.
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