What Quadruple Witching Means For Stocks

This morning's jobs data badly missed expectations

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OPENING VIEW     6/05/2019
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Stocks Set to Gain Again By Josh Selway Share On Futures on the Dow Jones Industrial Average (DJI) are trading above fair value, as stocks try to build off their best day in months on Tuesday. However, investors this morning were greeted by a bad miss in the ADP employment report, with just 27,000 private payrolls added in May, compared to 173,000 expected -- potentially adding to recent fears of an economic slowdown. Regardless, futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also above fair value. Continue reading for more on today's market, including:  Schaeffer's Senior Quantitative Analyst Rocky White dives into what quadruple witching expiration means for stocks. Drug stock that has Wall Street "confused" gets huge price target. Why not to buy into that recent CVS stock rally. Plus, GameStop gets torched; Salesforce sails higher; and data concerns grow from lab stocks. >> Continue reading...
LATEST HEADLINES
>> What Quadruple Witching Expiration Means for Stocks Volatility could ramp up in the near term >> Dow Stages Furious 500-Point Bounce-Back Fed Chair Jerome Powell implied interest rate cuts are on the table >> Snap's Latest Surge Draws Fresh Batch of Bulls SNAP is on track for its fourth consecutive win >> Hello Kitty License Has Mattel Stock on the Rebound Plus, Beyond Meat stock is soaring before earnings >> CVS Stock Chart Suggests Today's Gains are Questionable CVS may not be above its 50-day trendline for long ADVERTISEMENT Social Security Accounting Errors: Did You Win or Lose? Three recent audits by the Office of Inspector General (OIG) exposed what might be some of the most irresponsible Social Security errors since they began monitoring government oversights, over 40 years ago. As a result, tens of thousands of Americans who have filed to collect certain benefits may be collectively owed hundreds of millions in underpaid checks. So the question remains - did you win or lose? Click here to learn more about this investigative report.
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