Pre-opening Comments for Thursday July 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. U.S. equity index futures were virtually unchanged following release of the U.S. May Trade Deficit report at 8:30 AM EDT. Consensus was a deficit of $84.7 billion versus a deficit of […]

Pre-opening Comments for Wednesday July 6th U.S. equity index futures were lower this morning. S&P 500 future slipped 10 points in pre-opening trade. Focus today is on FOMC meeting minutes to be released at 2:00 PM EDT. More information on the Federal Reserve’s plan to increase the Fed Fund Rate is expected. Resolute Forest Products […]

Pre-opening Comments for Tuesday July 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Alphabet $GOOG slipped $19.75 to $2,155.00 after Moness lowered its target price from $3,500 to $2,900. Shopify slipped $0.42 to US$30.99 after Truist lowered its target price from $45 to $35. […]

Happy Independence Day to our United States of America readers.   The Bottom Line Base building patterns by U.S. and Canadian equity indices continue. Historically, broadly based North American equity indices reach the bottom of the U.S. Presidential cycle in June during the second year of the President’s mandate. History is repeating.   Earnings and […]

Pre-opening Comments for Friday July 1st Happy Canada Day U.S. equity index futures were lower this morning S&P 500 futures were down 16 points in pre-opening trade. Economic focus today is on release of the June ISM Manufacturing PMI report at 10:00 AM EDT. Consensus calls for a decline to 55.0 from 56.1 in May. […]