Monday Market Outlook: Calm Before the Storm?
Every Monday, Benzinga Radio brings you trading intel from the S&P Futures Pit of the Chicago Board of Trade with TradersAudio.com’s Ben Lichtenstein.
Expect a slow start to trading this week due to the partial market closure, says Lichtenstein, but keep an eye on the charts just the same. High-energy trading is not unheard of on holidays. “Think back to the Dubai Debacle on the day before Thanksgiving two years ago,” advises.
Barring an outlier, though, signs point to a quiet week. But fundamentals are still geared toward volatility: the current S&P trading range is quite old, Western economic performance continues to be weak, and the Euro crisis rages on.
Make it a safe and productive week – we’ll see you back here next Monday.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.