Good morning. Futures are a little higher, sp +3pts, we're set to open at 2108. USD is seeing a bounce, +0.4% at DXY 95.00s. Metals are naturally under pressure, Gold -$7. Oil is similarly on the slide, -0.7%
*awaiting retail sales data.
Suffice to say, regardless of any intraday weakness, another net daily gain looks due..
A weekly close in the sp'2120s remains very viable, and if so, it'll likely clarify that a tag of the upper bol' on the weekly (2150/60s).. or even monthly cycle (2170/80s) is due for the sp'500, before a summer rollover.
notable early weakness, oil/gas drillers, RIG/SDRL, both lower by around -1%
Have a good Thursday
8.32am.. Retail sales +1.2%... broadly inline... and at least the econ-bulls can be relieved about that.
Equities holding minor gains, sp +5pts, set to open at 2110.
Metals under pressure from rising dollar, Gold -$8.