Reply To: Traders Market Weekly: Valuation Matters in Earnings Season


The global equity markets are mostly lower. S&P Futures are down about 21 points to trade around the 3805 area. The market was stagnant through the Sunday-Monday holiday trade but saw a the range expand as Asia got underway last night. This enabled spoos to tag 3857.75 as the session high. The S&P has softened since then, coming back in to challenge the 3800 area. The low was established early in the holiday portion at 3793.00

Market Updates

S&P Futures vs Fair Value: -23.0
10 yr Note: 2.890%
USD/JPY: 135.75 +0.05
EUR/USD: 1.0318 -0.0107
Europe: FTSE: -1.3% DAX: -1.0% CAC: -1.1%
Asia: Hang Seng: +0.1% Shanghai: 0.0% Nikkei: +1.0%
Gold (1801.30 -0.20) Silver (19.80 +0.13) Crude (108.87 +0.44)