
The pit is open. The averages are not. The Fed has not voted.
Yahoo Finance, Tuesday 7:51โ7:52 a.m. ET: Dow futures 52,719. S&P 500 futures 7,680.50. Nasdaq 100 futures 29,418. WTI $102.35. Mondayโs official cash close, AP / WTOP, remains Dow 52,421.20, S&P 7,619.98, Nasdaq 26,186.41. Brent settled $105.68. Futures are not that close. 9:30 a.m. ET is the open. 4:00 p.m. is the grade.
CNBC, 5:58 a.m. ET: November Brent $107.82, about +2%; October WTI $103.58. Oil moved after that stamp. We are not mixing the 5:58 Brent last with the 7:52 WTI last as one print. Bitcoin about $76,883 at 8:02 a.m. ET.
FOMC Sept. 15โ16 starts today. Chair Kevin Warsh. The policy statement is 2 p.m. ET Wednesday. Fed funds are still 3.50โ3.75% until they vote. Reuters Morning Bid, Tokyo: more than 90% of market participants are pricing a quarter-point hike to 3.75โ4.00%. Pricing is not a hike. CPI is still Fridayโs +0.4% / +3.4%.
What this means for you
If you hold an index, the grade is still 52,421 until 4:00. If you needed the Fed, wait until Wednesday 2 p.m. Not investment advice.
Bottom line: Futures 52,719 at 7:52. Cash still 52,421. Not a hike.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
