Monday, the U.S. stocks index futures leaned towards a solid lower open yet if the current trends stay as it is, stakeholders will likely take this as an occasion for them to add to positions.
History-wise, the S&P 500 hasn’t had any pullback yet from its greatest in 2012. There have been a number of pullbacks on the benchmark index mostly of smaller scales and profit hunting has helped a lot in stopping major losses. This is based on the forecast that Oppenheimer endorsed to its clients recently.
The Oppenheimer Holding’s strategic recommendation is to buy shares on dips of S&P 500 since in its observation, the longer term remains bullish.
The firm stays optimistic on its view on stocks in the long run, but it’s saying that near-term conditions are not satisfactory. This is because the expectations of investors are unusually too high.
Monday morning futures showed that the S&P 500 e-minis went down 0.63% with its almost 200, 000 contracts changing hands. On the other hand, Nasdaq futures went all the way down to 0.6% on its 100 e-minis and Dow went down to 0.58%, that’s 99 points on its e-minis.
U.S. stock index futures are lower this Monday which showed the weakness of Wall Street and would likely continue in the middle of the ongoing unrest in Hong Kong which investors are watching closely.
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