US Stocks- Buy the Rumor, Sell the News?

I can’t help but notice that S&P 500 Futures (ESM4) are up 8 consecutive weeks in a row and up 11 straight days. Over the next 48hrs, the market will digest two important data points (ECB & Jobs Report). Clearly, in the short term we are extended to the upside and a light volume pullback would do wonders to restore the health of this very strong uptrend. It begs the question, are we setting up for a buy the rumor, sell the news event in the days ahead?

Firm Has Positions in ESM4 & SPY
ESM4 ESM4 Weekly

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