And.....they're off!!!! It's a new month Minyans - Good Luck!
On Saturday, Smarty Jones became only the third favorite to win the Kentucky Derby since 1979. If there was a toteboard for Monday's market close, Hoofy would be the odds-on favorite to win. The combination of month end, consecutive lower closes, FOMC, and first of month in-flows suggest that today's close will be higher.
I ran several queries based on the recent action in the SP and ND futures. The output was consistently bullish for today's close. There are two tables below. The first applies to ND futures and the second to SP futures.
As always Minyans, past performance does not indicate future results. If there's one thing we can learn from the past performance of the Derby -- it's that the odds-on favorite hasn't always won!
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