Good morning. Futures are flat, we're set to open around sp'1597. However ,the monthly jobs data is due, and that will likely swing one direction..or the other. Precious metals and Oil are moderately higher.
sp'60min
vix'60min
Summary
Well, lets see what nonsense the BLS decides to quote this month...
Market expects: 153k, with a static headline rate of 7.6%
Actual:165k, 7.5%, and other months revised significantly higher.
So, bulls have the disneyland figure they wanted.
Welcome to the sp'1600s.
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*We also have ISM non-manu' and factory orders at 10am.
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8.55am.. . sp+12... so, we're now set to open @ 1610. VIX will probably be -5 to 7%..in the 12s.
Copper is soaring 5%, Oil is $95.
Congrats to the bull maniacs. They win..again.
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9.34am... Its time to WAVE the white flag bears.
Just how stupid are we? Fed Qe-POMO every day, and we're still fighting it, after 4 years.