Good morning. Futures are a touch lower, sp -2pts, we're set to open at 2005. Metals are a little weak, Gold -$3. Oil/gas are mixed, +0.2 & -1.1% respectively. Equities look set to continue broadly higher for another 2-3 weeks.
sp'daily5
Summary
Little to add from the weekend post.
We're set to broadly continue higher. Best case for the bulls looks to be around sp'2050 in another 2-3 weeks. Certainly, I don't expect a straight run to the 2100s from here.
--
Update from Mr C.
Maybe its just me, but Mr Permabull seems rather uncertain. If you take all the indexes as a whole, I can't see how anyone can expect a major spike in volatility in the immediate term.
--
Notable early movers: Ford -2.3%, SDRL -1.6%... the latter stock is utterly busted, sub 30s now look viable in the early autumn.
Good wishes for the week ahead!