Which One Is Right?  Or, Are They Both Wrong?

If you watch CNBC or Fox Business before the markets open (not a good habit), you might be confused.  CNBC reports the trading in market futures compared to "fair value", taking into account trading in those options as an indicator of how the market will open; Fox does not.  So at any given moment, the two business channels will be reporting different figures.  CNBC might predict the markets will open, let's say, down 125 while Fox may give the figure as 150, or vice versa.

So, which channel is right?  Maybe neither once the market opens as real trading takes the place of using one indicator to predict another, and it does it quickly/

Yet another reason not to allow premarket indications to worry you, or make you happy.

At the left is how CNBC reports indications. Note that Fox would have indicated a modest up open, CNBC a more serious decline.