Pre-Market Brief

Good morning. Futures are a touch lower , sp -2pts, we're set to open at 1983. USD is starting the week on a positive note, +0.25%. A busy week is ahead, FOMC (QE taper'7), Alibaba IPO, the Scottish vote, and quad-opex on Friday.


sp'60min

Summary

So, equities have largely recovered most of their overnight losses, although even those declines barely amount to 0.5% at the most.

I still think there is a fairly high probability we'll slip to the low 1970s - with VIX 15s...whether late today..tomorrow..or even FOMC-Wednesday. Regardless of when, I'll look to be a buyer then.

--
Update from Oscar


--
Good wishes for the week ahead

-

8.35am. Empire state manu' survey...27s...

Notable weakness: SDRL -1.4%

Oil -0.8%... Gas +1.9%... interesting disparity.