Monday, 2 November 2015

Pre-Market Brief

Good morning. US equity futures are a touch higher, sp +2pts, we're set to open at 2081. It would seem that 2094 is a short term high, and the market is now headed to the 2020/00 zone within 2-3 weeks.



Overnight futures were -10pts or so...  not least pressured by weakness in Asia.

It does seem very likely we'll see closing declines today... and clarify that last Friday was the peak of the up cycle from sp'1871.

It should be a far more dynamic week than last week, and we still have further corp' earnings, notably: FB and DIS.

Energy prices remain weak...
Nat' gas -4.2%. Oil -1.0%....

Update from Oscar


Doomer chat, Hunter with Casey


Overnight Asia action

Japan:  -2.1% @ 18683... not the best of starts to a new month
China: -1.7% @ 3325... unravelling into the close.

Have a good Monday

9.39am.. It is notable that with sp +6pts...    VIX is +2%....  it does not bode well for the equity bulls.

awaiting PMI/ISM data...................