The S&P 500 is down 30 points on the day in the first true trading day of the year.
The S&P 500 also struggled last in the first few days of last January after a strong 2013. I tend to point the finger at rebalancing flows and it’s being exaggerated by the beating in oil company stocks.
S&P 500
European stocks are taking a beating and with markets there closing, it’s now-or-never for an intraday rebound.
