Monday 30 June 2014

Pre-Market Brief

Good morning. Futures are fractionally lower, sp -1pt, we're set to open at 1959. Metals are weak, Gold -$5, with Silver -1.0%. Equity bulls look set to end another month with net gains of around 2% for the sp'500, and a VIX that remains crushed in the 11s.


sp'60min


Summary

*Chicago PMI @ 9.45am.. .that will be one to look out for, with some housing data at 10am.
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So...it is month end, end of Q2..and the first half.

It has unquestionably been another good spell for the bull maniacs, breaking new historic highs on many indexes.

Most notable? Arguably, the VIX, which has repeatedly been knocked into the 10s.

For me, the only issue is whether we'll see VIX 9s before this latest multi-week up cycle is complete. I'd guess... probably, not least if sp'2000 is breached.
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*two more big games today...

France vs Nigeria at 12pm EST
Germany vs Algeria at 4pm

Personally, I want to see both of the 'rias get through, that'd make for a real sporting upset.
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Hunter with econ-doomer .. Martenson



Not surprisingly, it is much of the same doom chatter we've been hearing from Mr M' for a good 4-5 years.  Make of that... what you will.