Sadly, their useful life has been reached, as Zion is once again about to be destroyed.
It's Wednesday, so the overnight futures were bid to ensure a profitless VIX options expiration following three daily gaps lower in a row on the S&P, all bought with both hands in the U.S. As the rest of the world gets pummeled, U.S. gamblers are taking asinine levels of risk, predicated entirely upon fake optimism...
"General Electric shares rebound from a lower open Wednesday, a day after news that the last original Dow component was being dropped from the blue-chip index"
100% fantasy, 0% reality:
Even as GE gets removed from the Dow, a company spewing illiterate bullshit across the internet in 147 character bursts gets added to the S&P. You just can't make this shit up.
We live in the post-intelligence era. No brain required. Having a brain is a major liability.
On the risk side...
Gamblers are seeking "safe haven" in small caps, deemed to be less exposed to trade wars. While we see in the lower pane, breadth among large caps has been deteriorating: