Monday, 26 January 2015

Pre-Market Brief

Good morning. Futures have largely recovered from overnight lows, sp -5pts, we're set to open at 2046. Metals are starting the week on a down note... Gold -$9. Oil is making another attempt to bounce, +1.3%.



So.. the market has largely recovered from rather sharp overnight declines, sp' was lower by around 1% for a fair part of the night.

It will be kinda important for the equity bulls to at least settle the day flat. Anything in the 2060s would be a bonus - considering overnight conditions.

As for Greece... as Oscar might say... 'who cares'. All the talk of a GREXIT is very premature we could easily be a few years away from that. To me, the eventual implication is that Spain and Portugal will likely follow. Both are basketcase economies... and shouldn't be holding to the Euro anymore.

In any case... we have an interesting week ahead... FOMC on Wed', and GDP on Friday, along with a great many earnings of course.

Update from Oscar

Hunter wth Fitts.. a surprisingly balanced discussion on the year ahead

Have a good week!