Futures vs FV: SP +1.50; DJ +44.08; NASDAQ +40.74
New highs are set for at least DJ30 thanks to AAPL's 6+% pre-market gain. DJ30, SP500, NASDAQ will directly feel AAPL's heavy weighted move. SOX will indirectly feel it through the likes of SWKS, AVGO and other AAPL suppliers.
ADP: 178K VS 190K EXP VS 191K prior (158K). Zandi says in 'high gear.'
This as Manufacturing -4K, services +174K, goods +4K
China: Trump 'close to a decision' on Chinese trade.
OTHER MARKETS
Bonds: 2.286% vs 2.253% 10 year. Bonds sell back some after a strong Tuesday.
EUR/USD: 1.1827 vs 1.18072. Dollar weakens a bit again, putting euro at a 27 year high against dollar.
USD/JPY: 110.75 vs 110.368
Oil: 49.24, +0.08
Gold: 1270.90, -8.50
Stocks will rock on the open as all is well. Looks as if AAPL is indeed 'rescuing' the market to new highs. We will see what kind of buys/entries emerge.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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