Futures vs FV: sp -0.23; dj +18.17; NADAQ +5.75
Futures up all morning, dipped a bit, rebounded -- just some mushy action but in the absence of trouble, upside. Rather typical pre-Thanksgiving drift higher.
Beats: CRM; DE; GME
Durables, OCT: -1.2% vs 0.4% exp vs 2.2 Sept
Business Investment: -0.5%
Ex-transports: -0.4%. Obviously tranports fell
Bond curve: still flattening
OTHER MARKETS
Bonds: 2.36% vs 2.354%
EUR/USD: 1.1786 vs 1.1736
Oil: 57.78, +0.95
Gold: 1286.80, +5.1
Modest open ahead, can the move hold as it did Tuesday? Of course in a holiday rally and the recent flattish action of the tech big names, that is still a germane question.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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