US equities open a little higher, sp +4pts @ 2035, whilst the VIX is slammed at the open for opex... breaking -8% to 14.41. With the USD broadly flat in the DXY 94.90s, commodities are under pressure... Gold -$10.. with Oil -1.4% in the $45s.
There really isn't much to add.
The sp'2040s look probable today.. ahead of the Thursday ECB.
Unquestionably... eyes should be on China... having seen the biggest daily decline in a month.
notable strength: DIS, +1%... set for the $111s... and onward to the $120s
New stock... Ferrari (RACE)
Marking a cycle peak as Alibaba did in Sept 2014? Hmmm
*awaiting the EIA report (10.30am)....
10.32am.. 8.0 million barrel surplus.... ugly. Oil -2.3% in the $44s.
notable weakness. VRX -20%.. after claims the whole company is a fraud.