Daily Delphi

Post: Wednesday 'Day 2' | Daily Delphi

BlogsPit Talk › Wednesday 'Day 2' October 2, 2013, 6:50 am

MONDAY RECAP
Gold lost it's flight to quality luster with a break of -40.9 to settle at 1286.10. Oil had a choppy day with a softer than expected PMI number out of China and demand uncertainty caused by the shutdown showdown. Equities, on the other hand, rallied as bargin hunters entered the market looking for deals. The S&P's settled up +15.10 to close at 1689.40.

TODAY'S ACTION
7:15 AM CT
ADP Employment Change Forecast 175k Prior 176k
9:30 AM CT
Crude Inventories Forecast +2.5M Prior 2.635M
Today the markets are going to keep listening to the kids for any clues about how near or far an end to the shutdown showdown may be. The oil market will be watching to see if the expected build up materializes for a second week. World peace, the US shutdown and the weaker than expected numbers out of China may all conspire to keep prices down.


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