Daily Delphi

Post: Tuesday - Second day same as the first. | Daily Delphi

BlogsPit Talk › Tuesday - Second day same as the first. December 10, 2013, 6:50 am

TODAY'S ACTION
9:00AM CT
Wholesale Inventories
Forecast 0.3% Prior 0.4%
JOLTS - job openings Prior 3.913M

Could be another slow day at the exchanges today. There will be a couple of data points that Big Daddy may reference at next week's meeting. The inventories number could come into play since it was a bulge in inventories that pushed the Q3 GDP estimate up. The JOLTS number has also been getting some play since Big Daddy made the "labor situation" a key gauge for all tapering decisions. Trade strong.

MONDAY RECAP

There wasn't a lot to see in yesterday's trade. The Dec S&P added to Friday's big gains settling up +4.00 at 1809.00. The Jan WTI contract held mostly steady closing down just -.31 at 97.34. There was some late afternoon pressure on the equities after a round of Fed member speeches all seemed to lean towards a near-term tapering decision..


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