Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection


S&P futures vs fair value: +41.80. Nasdaq futures vs fair value: +192.50.
The S&P 500 futures are up 40 points and are trading 1.0% above fair value. The Nasdaq 100 futures are up 189 points and are trading 1.7% above fair value. The Dow Jones Industrial Average futures are up 196 points and are trading 0.6% above fair value.

Producer Price Index rose 0.2% in October (consensus 0.5%) following a prior revised 0.2% increase in September (from 0.4%). The core Producer Price Index, which excludes food and energy, was flat in October ( consensus 0.4%) after the prior revised 0.2% increase in September (from 0.3%).

The Empire State Manufacturing came in at 4.5 in November (consensus -5.0) following the prior -9.1 reading.