US equities remain a touch weak, and it remains the case that equity bears should be battling for a daily close <sp'2115, with VIX 13s. USD is re-building sig' gains of 1.2% in the DXY 95.40s. Metals remain under pressure, Gold -$7, with Silver -2.4%. Oil has built very strong gains of 1.9%.. back above the $60 threshold.
Little to add... on what remains a quiet day.
All things considered, some further weakness into the close looks probable.
*GDP data (second rev') tomorrow.. market is seeking -0.2%... not exactly inspiring. Clearly, anything above consensus, and concerns about higher rates will return... favouring the equity bears.
Another great one from Horner...
MARCON is GO !
... the clock is running...................... back at 2pm