by Greg Guenthner
Daily Reckoning
Stocks are limping into the last few trading days of the month…
The major indexes have settled down after a crazy down-and-up start to the year. Traders seem bored. And the recent pause has a lot of folks scratching their head about what’s next…
“The Dow industrials had a trading range of 90.78 points from the low to high on Monday,” MarketWatch reports. “That’s the narrowest range since Christmas Eve 2015, when the index had a high/low range of 62.39 points. For the S&P 500, Monday marked the sixth day of a trading range of less than 20 points. That’s the longest streak of its kind since a six-day run on Aug. 5, 2015.”
Yesterday overall was about as exciting as standing in line at the DMV. Until Auntie Janet Yellen released the doves, helping fuel a rally into the closing bell…