PRE MARKET

The big story is oil prices and what to do. We freely admit that we dont know. The news is fluid. Normally, we would tell you this move will be fleeting but if the Saudis come back and state it will take a long time to get back on line, that would be less than thrilling.

The fed tomorrow. We were in the camp 1/2 point cut when rates were below 1.5% on the 10 year. We now believe 1/4 point as the 10 year is back up to 1.835.

Markets have loved easier money for over 10 years. This year is the same. Every pivot to easier by the fed coincided with a market bottom. This time?

Markets are quieting down in here as the big 4 approach the highs. There is nothing wrong with this.

Down and out SOFTWARE woke up yesterday but most all remain below resistance/50 day average with some below the 200 day…but they are higher beta.