Your MUST-READ Morning Stock Futures Cheat Sheet: Markets stable after GDP
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The Precise Take – Markets stable after GDP
Big Picture Analysis: After the bell yesterday, selling continued in US equities, but things turned around midday, with a strong rally into the close. After a rally in European trading overnight where the ES came within three points of its 1249.00 high of yesterday, a slightly disappointing GDP has facilitated a modest pullback. Absent a stunning development, volume and volatility should contract going into year end.
Consumer Sentiment today at 9:55 am could be a market mover, then Leading Indicators follows at 10:00 am. Tomorrow, Durable Goods at 8:30 am and New Home Sales at 10:00 am will be in focus, but only by those few traders who remain ahead of the three day Christmas holiday weekend.
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