Market Alert - Pre-Market

Futures vs FV: SP +1.13; DJ +65.29; NASDAQ -29.88

Mixed futures trade but a steady morning rise met selling at 8:00ET and dumped over half the gains. A modest rebound is occurring toward the opening bell. The pre-market action reveals the buyers and sellers are still fighting whenever they have the chance.


Tariffs: US/SKorea strike a deal making US cars more accessible to the SKorean market


Q4 GDP, 3rd: 2.9% vs 2.7% ex vs 2.5% prior read (3.2 Q3.

For 2017 GDP +2.3%

Consumer spending fueled: 4.0% vs 2.2% Q3

Imports: up 14.1%, cutting into the GDP final read

Corporate profits: 1.7% vs 5.7# Q3


NKorea: China says NK is going to denuclearize


AMZN: Trump said to want to change tax structure


AAPL: GS says fewer iPhone sales


FB: Changes to its privacy making it easier to delete data. But is it really deleted? Playboy is pulling out . . . of FB.


OTHER MARKETS
Bonds: 2.755% vs 2.775% 10 year

EUR/USD: 1.2367 vs 1.2407

USD/JPY: 106.09 vs 105.34

Oil: 64.78, -0.47, struggling at prior high

Gold: 1340.30, -7.60


Futures still back and forth and again no follow through to the downside to start a session, not the best kind of start. We will see how the action unfolds as this is still trying to bottom but unable to do so thus far.

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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