Welcome to the “Showdown”
I feel like Prince BoCheesly, second in line to ascend to the throne as King of the Economic Universe and heir to the Fount of All Knowledge this morning as the S&P (which lately has been the S & P all over the place) arrives in the long-awaited showdown area. To be sure, I have referred to this generally as the “1950” area of the S&P but to be more precise, it is 1,940.24 recorded on January 19th.