Reply To: Traders Market Weekly: Stock and Bond Bear Markets Hover


S&P 500 futures 0.1% below fair value; Nasdaq 100 futures 0.4% below fair value; DJIA futures 0.2% above fair value

Key factors driving the futures market:

Further weakness in most mega-cap stocks as deleveraging continues
Dampened investor sentiment following Friday’s broad-based selloff
Weaker-than-expected April manufacturing PMI data out of China contributing to global slowdown concerns
Wait-and-see mentality in front of this week’s FOMC meeting, and ISM Manufacturing and Employment Situation reports

Apple (AAPL) down 0.7% on an EU Statement of Objections regarding the company’s payment technology

Warren Buffett, at annual shareholders’ meeting, says “inflation swindles almost everyone,” talks of gambling parlor conditions in market, and notes he doesn’t see any value in bitcoin