Traders fear another Black Monday — market data says don’t worry

Today is the anniversary of Black Monday, 1987. However, despite countless traders getting spooked over the weekend by suggestions of a repeat performance, today is completely different. For example, index futures pricing late yesterday evening indicated mildly higher prices for Dow contracts up 0.1% — a far cry from the Dow’s 22.6% plunge on October 19, 1987. Despite little to no pricing evidence of an impending market crash, traders seemed to latch onto the idea of a bear market in AI stocks, enamored with a viral essay about a “ stealth ” bear market supposedly festering within otherwise bullish indices…

Source: Protos