MONDAY: Oil down 3% to start the morning and guess what? Stocks are down too, but not as much as they have been lately when oil has tanked
TUESDAY: The 10 Year Treasury below 2% again. Who would have imagined that? At least oil is flat this morning as are the futures, after yesterday’s large loss in pursuit of lower oil
WEDNESDAY: Yesterday’s great gains are more or less holding in the pre-open futures session, as we await an FOMC Statement release today, that some expect will open door for more interest rate increases this year. But where is the data?
THURSDAY: Shanghai down another 3% overnight, making it 25% for 2016. Yesterday’s plunge here was nothing more than an erasure of the previous day. This morning ha a small bounce in the futures, but it is a big day for earnings, although as I’ve said on any number of previous quarters, the economy is much more than Facebook
FRIDAY:. Could it possibly be? The futures are pointing decently higher after yesterday’s recovery and higher close, just like the last 2 days of the previous week. We’ll see.
“SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS