Responses to FOMC Decision on interest rates after 2:00 PM EDT yesterday The FOMC reduced the Fed Fund Rate by 0.25% to 4.25% as anticipated. Consensus based on the “dot plot” also predicted that the Fed Fund Rate will fall an additional two 0.25% rates before the end of the year. Responses by key markets […]

Pre-opening Comments for Wednesday September 17th U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT. U.S. equity market focus today is on release of the FOMC decision on U.S. interest rates at 2:00 PM EDT. Consensus calls for a 0.25% reduction to 4.25% in the […]

Pre-opening Comments for Tuesday September 16th U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT. S&P 500 futures added 1 point following release of August U.S. Retail Sales at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.5% gain in July. Actual was […]

Pre-opening Comments for Monday September 15th U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT. S&P 500 Index futures were unchanged following release of the September Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a drop to 4.50 from 11.09 in August. Actual […]

Pre-opening Comments for Friday September 12th U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT. Microsoft gained $11.99 to $513.00 after announcing an extension of its partnership with OpenAI. Seasonal influences are favourable on a real and relative basis until November 8th. See seasonality chart […]