Guy LeBas: Pre-market Thursday hints Wednesday drop followed big gains

Guy LeBas: Pre-market Thursday hints Wednesday drop followed big gains
Pre-market suggests brief equity pullback

Guy LeBas observes that Thursday's pre-market action suggests Wednesday was just a one-day decline that followed significant gains in equities.

He adds a note of humility about his own expertise in equities, referencing recent market volatility.

LeBas previously highlighted the role of data centers in first quarter U.S. GDP growth, noting they accounted for 1.4% of the 2.0% overall increase. He has also commented on rumors surrounding Gundlach's efforts to boost liquidity and demand for existing assets. These insights follow his recent remarks on equity volatility.

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