There's one stat that speaks overwhelmingly to go against that though. It's FED day.
Canada Globe and Mail:
"But the trend over the past four-plus years is far more impressive. Bespoke Investment Group looked at the reaction from the S&P 500 on Fed days, going back to December 2008, when the Fed cut its key rate to rock-bottom during the financial crisis. Including that day, they discovered that Fed days alone (34 of them) have accounted for more than 30 per cent of the market’s gains.
According to Bespoke, the index has risen 65 per cent of the time on Fed days, for an average gain of 0.63 per cent – well above the average gain of 0.38 per cent on Fed days going back to 1994."
1 in 3 chance of downward action at the close today. I'm not saying it can't happen but the playbook appears to "ensure enough smoke is blown up the FED's #$%$" to support their positions as positive. Now who would be able to do that consistently in an obviously free, non-manipulated market.........????