Wednesday, June 13, 2007

Pre Market

The markets in Asia got run over by the bears save Shanghai which is up. Europe is mixed. With rising bond yields, it appears traders are running for the exits as we experience a short term equity market melt down.

US retail sales in May jumped twice the amount forecast despite surging gas prices. Surprising though it does show the resilience of the US consumer.

US advertising spending is expected to grow even slower than previously forecast as corporation scale back budgets.

With rising bond yields, the US Dollar has been making a strong run as of late.

The pre market futures are strong and indicate a higher open for the US indices. This might be the day to sell any rally. It does look like we may have another leg down before things stabilize.

No comments: