RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

September S&P finished up 1.1 at 2431.3, 11.7 off the high and 15.9 up from the low. September S&P E-Mini closed down 2.25 at 2428. This was 15.5 up from the low and 15.5 off the high.


A corrective track in FANG stocks (Facebook, Alphabet, Netflix and Google) surprisingly did not extend to other sectors of the market. However the NASDAQ has been a key bull market component and any sustained weakness in that sector of the market could be damaging to the overall market. Cushioning the stock market today was an attempt to restart infrastructure spending efforts by the White House. While a number of geopolitical issues appear to have moderated somewhat they generally remain in place and that could be problematic for stocks next week.

Hightower Report