Uncertainty and Recent Gains Could Leave Traders Nervous
The major U.S. index futures are pointing to a lower opening on Thursday, with sentiment suggesting that traders are dreading to take positions in equities. The nervousness is accentuated by the still unresolved geopolitical crises and the uncertainty surrounding monetary policy and the economic outlook. With second quarter GDP and jobless claims data coming in better than expected, fears concerning monetary policy normalization may re-emerge. The recent gains could also keep traders wary for any further upside.