Here we go again? Not quite. When it comes to financial markets the sequel usually doesn’t live up to the original. By Friday it was confirmed the blood moon would not be creating any bottoms this time around.
The S&P 500 stock index has now gone well over three years without experiencing even a 10% correction, despite the fact that these pullbacks have occurred an average of once per year since 1928. This is this the fifth longest such streak since 1950.
Gasoline in New York rallied following a reported outage at Irving Oil Corp.’s Saint John, New Brunswick, refinery, which exports about half of its production to the Northeast market. Futures have jumped 7.9 percent since Sept. 12.