The groundhog saw its shadow. Historically, that is bad news for stocks.
There was breaking news Thursday morning from Punxsutawney, Pa., where the groundhog called Punxsutawney Phil was reported to have seen his own shadow. That means, six more weeks of winter, according to folklore. And not just folklore. As MarketWatch has previously reported, a research paper found a correlation between the groundhog’s predictions — or, rather, … Read more