sp'60min
Summary
Last Friday's gains were even stronger than I was anticipating. Considering the size of the gains, its not entirely surprising we're retracing some of them to begin a new week/month.
Broadly the sp'1970s still look very viable next week. Indeed, right now, next Wed'/Thursday (Yellen is set to appear) look prime time for a market short.
notable early movers...
TVIX +1%... which is very minor, relative to the index decline. It does not bode well for the equity bears today.
RIG/SDRL -3.8%... as energy prices see renewed declines
TWTR +7.5%... buyers on the back of FB ?
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Econ chatter, Mr Long with Mr Rubino
For those with an interest in the macro-economic picture, this is rather good.
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More Econ/doomer chatter, Hunter with Stockman
As ever... make of that, what you will. I sure don't agree with all of it.
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Overnight action....
Japan: solid gains of 2.0% @ 17865
China: another unstable session, -1.8% @ 2688
Germany: currently -1.1% @ 9688
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Have a good week