Despite a few good trades in treasuries, which appear to have consolidated into a trading range, stock index futures today are trading somewhat listlessly, without strong conviction one way of another. Last night's after-hour reports were slightly offset this morning with an acceptable one from Citigroup. I don't see much energy for the moment in stock index futures.
Grains are expected to open mostly flat also. Not much news there to move the market.
Crude oil is trading modestly higher for the first time in days.
Friday, July 18, 2008
Largely Listless
