Reply To: Traders Market Weekly: Bear Jitters as Risk Factors Deepen

#37042
Truman
Participant

S&P 500 futures 1.1% above fair value; Nasdaq 100 futures 1.4% above fair value; DJIA futures 1.0% above fair value

Key factors driving the futures market:

Contrarian-minded buying interest in face of another week of large losses for the major indices
DJIA on track for eighth straight losing week
PBOC provides stimulus trigger by cutting five-year loan prime rate 15 basis points to 4.45%
Solid, upside moves in foreign equity markets lends supportive pre-market tone for U.S.