The Dow Jones and S+P futures closed at All-Time Highs Friday, May 7, traded higher during the Sunday overnight session but turned lower Monday morning and tumbled ~1,500 points to Wednesday’s lows. The DJIA rallied back ~900 points Thursday and Friday.
Bond futures surged on the weak employment report early Friday, May 7, but had 2nd thoughts and sold off five points into Wednesday’s lows. The tumble in stocks and bonds may have been motivated by perceptions that inflation was running hotter than expected.
