Good morning. Futures are moderately lower, sp -5pts, we're set to start the week at 2070. Metals are bouncing, Gold +$4. Energy prices remain very weak, Oil is -1.8%, in the $64s, with Nat' gas -3.7% in the $3.60s.
sp'daily5
Summary
Well, here we go again, another week begins.
As noted at the weekend though, there really isn't much scheduled this week, and that will certainly favour the bulls.
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Notable early movers...
CHK -1.6%, no doubt due to weak energy prices
FCX -1.2%, still falling within a broad down trend from the early summer, much like energy stocks
There are minor gains in the airlines, due to lower oil.
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Econ' chatter with Gordon T Long - financial repression
Maybe this is too heavy to start the week, but it does raise some interesting issues on how most governments are now intent on seizing all wealth from the citizenry. Further, the matter of a global wealth tax... pretty scary stuff. The only way to truly escape... get offworld!
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Have a good Monday!