S&P E-mini Futures:
Down yet still in last week's trading range.
News:
Germany is closed for trading yet action is still taking place.
Friday's rumor of a DOJ deal with Deutsche Bank was false. DB's CEO has not begun any negotiations. DB CDS have spiked to a new record. DB ADRs trading slightly lower.
Weird omen: *reality* star Kim Kardashian robbed at gunpoint by fake cops in Paris hotel.
Could reality be making a comeback soon?
FX:
Another benign day with slight Risk On tone.
Treasuries:
Volume reappeared Friday as prices fell.
Energy:
WTI crude overnight high 48.87. NG continuing to correct.
Metals:
Gold currently hovering along the flat line amid declines in silver, platinum, palladium, and copper.
S&P Outlook:
Friday was the 7th narrow range day in a row. The 2177 area and the 2181.30 gap continue to be valid targets, as does the 2094.55-2103.25 zone.
Everything else in between feels like a chop fest.
Speaking of reality, the Dow did end up closing -- on a quarterly basis -- below its 2015 high on Friday.
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