Pre-Market Brief

Good morning. Futures are moderately lower, sp -11pts, we're set to open at 1971. Precious metals are sharply lower, Gold -$9, with Silver down a very significant -2.8%. Oil is similarly weak, -1.3%, and that is no doubt rattling the equity market.


sp'15min

Summary

*awaiting jobs, and GDP Q3 data
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So, we're set to open somewhat lower, and the issue remains.. was sp'1991 the top of a large wave'2 'hyper-bounce'.

Perhaps, but there will be no clarity until a break back under the sp'1900 thershold.

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Notable early weakness, energy stocks.. CHK, RIG, SDRL, all lower by around -2.7%
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Have a good Thursday!
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8.31am..  GDP Q3:  3.5%  vs 3.0 expected, certainly, a fair bit better, and the mid 3s isn't that bad a number... but as ever.. could get revised much... much lower.

Market reacting  sp -8pts.... 1974
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Notable weakness, Gold -$10...  miners......... GDX -1.1%.... horror show.


9.53am... eyes on taking an index short..... no turn yet though.... sp'1983...  and rising