S&P500 futures are flat this morning despite a hiccup in the DJIA related to UNH, down 12% in the premarket following a WSJ article reporting a DOJ investigation into billing practices.
Incidentally, the investigation follows on last year’s report from HHS’s inspector general that UNH was overcharging for medicare advantage patients. That inspector general was one of many whom Trump fired immediately after being reelected.
We saw the same market dynamic yesterday morning following WMT’s disappointing guidance. Bottom line, the market has gone nowhere since the end of January.
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