US equities are choppy, and this can be expected to continue across the rest of today. WTIC printed $96.64. Copper $3.30.
sp’60min
VIX’60min
Summary
Suffice to add… a real mess of a morning, but its to be expected… ahead of tomorrow’s CPI.
I’m inclined to see this crazy casino be net higher from current levels… by late next week. So… I’m open to early Wed’ downside, but I’d be a more comfortable buyer there, not least in anything energy related.
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notable Dow component: MSFT
Morgan Stanley maintain ‘overweight’, 372>354.
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notable weakness: OXY
Very tempting… and I can understand those scaling in across multiple days.
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notable energy: SLB
Schlumberger holding up well to OXY.
No reason… it just happens that way sometimes.
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notable Dow component: BA
I’m not aware of any news.
Time for a much needed lunch…