US Index Futures Turned Green Sunday Night
Futures were initially down when trading started at 8 PM as the fear of a market bubble continues to rise amid speculative retail trading. However, futures turned positive around 10:45 PM EST.
“We think that the vulnerabilities are there, and while we do not know precisely which catalysts might emerge or their exact timing (including some of the recent retail-oriented pushes against heavily shorted stocks), we suspect that they would derail the current rally and provide entry points that may be 10% lower,” said Tobias Levkovich, Citigroup’s chief U.S. equity strategist.
- Dow futures were up 64 points, or 0.21 percent
- S&P 500 futures were up 0.18 percent
- Nasdaq futures were up 0.09 percent.