Pre-Market Brief

Good morning. Futures are moderately lower, sp -5pts, we're set to open around 1628. Precious metals and Oil are slightly lower, with USD a little higher. Certainly, no significant moves to start the week.


sp'60min

Summary

Well, here we go again....another week. No doubt many bears are still seeking a major turn lower, but I just can't see that until later in the summer.
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Retail sales data:+0.1%, vs -0.3 expected.. so market bulls can take something from that.


There is no QE-pomo today, but there is a major one tomorrow and Friday.
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*I will be looking to go long Oil (again) sometime today.