Next week has a much busier economic schedule; 16 economic reports, 2 day FOMC meeting, GDP and 10 T-bill or T-bonds auctions or announcements. Monday’s eco reports include Durable Goods, Dallas Fed Mfg and a slew of earnings.
Selling the better earnings.
The big RIP and another Dip.
Today the S&P dropped 35 handles from its high to low.
So what do we want to talk about? Bonds up, S&P down? Gold down to a new 5 year low, Silver down to a 6 year low? Crude oil down to $47.70? Or the A&T / Direct TV deal for $48bil being approved by US regulators?
No, lets talk about the liquidation in commodities and biotech’s, because that was today’s main driver.
FOMC meeting next week
Pit Bull 2040 level
High: 2097.50 EARLY
Low: 2069.70 LATE
Last: 2074.50 Down 24 Handles
Volume: 1.55mil ESU, and 14k SPU traded in the pit.
MOC: Sell $67mil
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