DailyMarketSummary 8182016

 

Today’s Markets

In Asia, Japan -1.6% to 16486. Hong Kong +1% to 23023. China -0.2% to 3104. India +0.4% to 28123.
In Europe, at midday, London flat. Paris +0.1%. Frankfurt +0.5%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.1%. Crude +0.3% to $47.64. Gold +0.4% to $1354.50.
Ten-year Treasury Yield -1 bps to 1.55%

Today’s Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:00 Fed’s Dudley Speech
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:00 PM Fed’s Williams: Economic Outlook
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

 

Daily Market Summary

The S&P futures are trading at 2177 this morning. We have not seen to much change in the markets since Tuesdays update. S&P futures are in a range between 2120 and 2190. As i wrote on Tuesday, we could see a possible rally to higher levels and possible even create a short squeeze. The S&P is in State 1. Continue reading “DailyMarketSummary 8182016”