Pre-Monday Analysis
Well, now that we’ve celebrated Jesus through movie and song, time to turn our attention back to the markets. On Friday, the NQ and ES got a brief opportunity to show their reactions to the disappointing jobs report, and so far in Sunday’s trading, those losses are being trimmed a bit (as of this writing, obviously, although much could change between now and Monday’s regular opening bell)
One interesting thing happening in the futures market is that crude oil, far from selling off on the Iran deal (which should usher in even more supply to heap onto the mountain of oversupply already in the market) it has been pushing firmly higher the past couple sessions:
No doubt it’ll be an interesting week, with Wednesday 2 p.m. EST having the extra spice of Fed minutes thrown in. See you Monday morning!
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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