Your MUST-READ Morning Stock Futures Cheat Sheet: Hopes of Santa rally fading

The exclusive Markets Morning Report is supplied by The Precision Report.

The Precise Take – Hopes of Santa rally fading

Big Picture AnalysisYesterday’s FOMC announcement was nearly a carbon copy of the prior, which disappointed traders looking for further hints of a new purchase program.  Today is news-lite, with the petroleum report at 10:30 am EST and the 30 Year T-Bond auction at 1:00 pm.  Notably, yesterday’s 10 Year was nearly a record in terms of demand, indicating continued risk aversion.  More the market movers are tomorrow’s Jobless Claims and PPI pre-market, followed by the Philadelphia Fed Survey at 10:00 am, then CPI on Friday along with options expiration.

Click above images for larger size.