What You Need To Know
Market Update
US futures are down as the markets look to take a breather after its record rally this week.
International Markets
European and Asian markets are trading lower amid new economic data and virus fears
Commodities
Gold and silver are lower as the dollar strengthens slightly. Oil prices tumbled after China’s urging cases trigger new lockdowns.
Crypto
Bitcoin continues its downward spiral trading at $32,000. It looks more and more likely that we see $20,000 again before $40,000.
Interesting News
US home inventories were down 22% yoy in November with just 1.28 million. This is contributing to the strong housing market. Elon Musk is offering a $100m prize for whoever can create the best carbon catching technology.
Biggest After Market Movers
IBM is down 7% after beating eps however they misses revenue forecasts. Sierra Wireless (SWIR) gained 10% after their CEO announced their retirement. Seagate Technology (STX) is down 3% after beating earnings however, their profit margins dropped.
Chart of the Day
XL Fleet broadening bottom ready to breakout
