New York is still in bed. Europe already wrote $100 on the wall.
WSJ: U.S. stock futures held firm Wednesday after the Dow led Tuesday’s losses, and Treasury yields ticked higher once Brent briefly cleared $100 in early European trade — first time since July. CENTCOM’s five Iranian tankers are in that print whether the cash session likes it or not.
OnEquity’s early snapshot: Dow futures down about 33 points, S&P 500 and Nasdaq 100 futures broadly flat. WTI around $94.66, up about 1.75%. Brent around $99.44, up about 1.55%, after the spike. Those are premarket numbers. They can vanish by the open.
CNBC: China wholesale inflation for August topped estimates. Bank of England Governor Andrew Bailey told Commons energy prices are an upside inflation risk. That is London and Beijing singing the same oil verse. No major U.S. data Wednesday. The exam is PPI Thursday, 8:30 a.m. ET, then CPI Friday. FOMC Sept. 15–16, Chair Kevin Warsh. Tuesday’s FedWatch snapshot was 58.4% for a hike. $100 oil is how that number gets an argument.
Bitcoin spent Tuesday under $79,000. We will not invent a Wednesday settle before New York is awake.
What this means for you
If you hold an index, this is the first draft of the session that has to swallow five hulls. If you drive, the gallon is still a war product. If you needed a close, wait until 4. Not investment advice.
Bottom line: futures flat-to-soft. $100 tagged overnight. PPI Thursday. The open still has to say it out loud.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
