Dow futures current trading flat suggests market

Dow futures current trading flat suggests market indecision, with sector rotation into utilities and real estate investment trusts. Traders await fresh catalysts from Washington fiscal policy updates. The reason this valuation data is meaningful is because the Shiller P/E has an uncanny ability to predict the future. Though it's not a timing tool in any way -- as noted, stocks remained historically pricey for years before the dot-com bubble burst -- all five prior readings above 30 were eventually followed by pullbacks in the S&P 500, Dow Jones Industrial Average, and/or Nasdaq Composite ranging from 20% to 89% (during the Great Depression). The E-Mini Dow Continuous Contract was down 2.5% on Wednesday evening, while the E-Mini S&P 500 Future Continuous Contract dropped 3.7% and the E-Mini Nasdaq 100 Continuous slumped 4.5%, according to FactSet data, at last check. Dow futures current firming up after European equities opened higher on positive ECB remarks. Cross-market signals often boost U.S. futures when global central banks signal policy continuity.