Your MUST-READ Morning Stock Futures Cheat Sheet: Consolidating gains
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The Precise Take – Consolidating gains
Big Picture Analysis – The ES continues to consolidate Thursday’s gains ahead of the much anticipated decision for Greece. Having said that, headlines out of Europe have not been able to phase the risk markets for more than a day or two, and it might take some bad economic data in the US to facilitate a meaningful pullback. Today, Bernanke speaks at 10:00 am, and Consumer Credit is released at 3:00 pm (though, it’s usually not a marked mover). Next week features FOMC Minutes on Wednesday and CPI on Friday.
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