Search This Blog

Thursday, June 22, 2017

Market Alert - Pre-Market

Futures vs FV; SP +1.24; DJ +30.97; NASDAQ +10.90

The biggest market news is ORCL's nice beat on the top and bottom lines. Oracle up 9% pre-market.

Futures are on the rise into the bell, a good indication though they were on the rise Wednesday and the market split right after the bell rang.

Healthcare: GOP to release its new bill today, the one no one got to see, again. Democrats did it, GOP did it twice. No wonder nothing gets done.

M&A: SPLS is likely to go private. Qatar Air takes a 10% in American Airlines.

Bonds: Yield curve flattens even more on its way to inversion.


OTHER MARKETS
Bonds: 2.146% vs 2.165% 10 year. Yield curve flattens more

EUR/USD: 1.1158 VS 1.11675

USD/JPY: 111.16

Oil: 42.71, +0.18. A weak bounce as Gartman turns bullish 'of' oil.

Gold: 1253.80, +8.00. Gold rebounds off support at the 200 day MA after 2+ weeks of fading the rally.


The same issues are out there in terms of bonds, gold and the economics, but the market still has some bids. New healthcare bill unveiled today, GOP victories in congressional races--the hope that the Trump agenda is still alive is keeping some bids in the market.




Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm

PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.

Customer Support: http://investmenthouse.com/contact_us.php

No comments:

Post a Comment