Another day starting ‘green’ in the futures market–do we have a rally day or do equity prices dump like yesterday? Right now (7 am central) the S&P500 is up by just over 1/2%. The 10 year treasury yield, which closed yesterday at 4.13% is now at 4.10%–down 3 basis points.
Today we have jobless claims being announced–softness? We’ll see–probably not anything market moving. Philly Fed manufacturing index is on tap as well–forecasts are for softness. Home sales for September is slated for release at 9 am (central)–forecast is for 4.7 million versus last months 4.8 million. Leading economic indicators are going to be released and is forecast at -.3%–a large deviation could move markets.
Today is probably a quiet day for me–I keep nibbling and the more I nibble the more I lose. My accounts hit a low point 1 week ago and with a low cash position I see no reason to nibble more this week.