There are several different issues weighing on the US equity futures this morning, so it could/should be tougher for the market to quickly bounce back from its overnight lows…like it has so many times in recent months. (Not impossible…but tougher.)
We hate to keep coming back to this issue, but history tells us that it is an extremely important one: The divergence between the S&P 500 and the SOX semiconductor index has become a very wide one once again…and this raises some significant warning flags for the stock market.
