Tuesday 8 July 2014

Pre-Market Brief

Good morning. Futures are a touch lower, sp -2pts, we're set to open at 1975. Precious metals are a little higher, Gold +$3. Equity bears have 'best case' downside to the low 1960s, before the market breaks into the 2000s.


sp'60min


Summary

So, minor weakness to start another day, and there is certainly opportunity for the bears to knock the market another 0.5% or so lower in the headline indexes.

notable early decliner: SDRL, -3.8%.
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Video update from an especially bouncy Carboni


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The one good thing about today... we have a game, A semi final @ 4pm EST  Brazil vs Germany.  I will be cheering on the Brazilians.

Have a good Tuesday