PRE MARKET

SEMIS and FINANCIALS took brunt yesterday but major indices not going anywhere…and after weak overnight, we walk into an up morning as CHINA reversed early big losses.

Regardless, the Fed is next week. We expect them to lower rates or telegraph the lowering of rates in the next meeting…and that is usually what matters most.

FAANG stocks remain relatively weak but can get going in a nanosecond.

OIL prices spike this morning as a couple ships hit. OIL and OIL STOCKS have been weak.

 

LULU and RH big gaps to the upside.