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US TSY FUTURES

BLOCKS, Late 2Y, 30Y Sales

USDCAD TECHS

Bullish Trend Conditions

ASIA

Coming up in the Asia-Pac session on Thursday:

US STOCKS

Late Equity Roundup, Energy Shares Power Higher

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Late Equity Roundup: Buffet Ups Occidental Holdings to 20%

US STOCKS

Stock indexes held mildly weaker after the FI close, tech-stocks continued to underperform after Micron warning "expect significant sequential declines in revenue and margins”, consumer discretionary sector weaker due to durables and autos underperforming while energy share outperformed.

  • Selling remained cautious ahead Wed's key CPI data (0.2% MoM est vs. 1.3% prior, 8.7% YoY vs. 9.1% prior). Currently, SPX eminis trades --18.0 (-0.43%) at 4124; DJIA -51.2 (-0.16%) at 32781.63; Nasdaq -144.2 (-1.1%) at 12500.63
  • SPX leading/lagging sectors: Energy sector remains strong (+1.51%) lead by Occidental Petroleum (OXY) +3.9% after report Warren Buffet increased his holdings to 20%, Marathon (MPC) +2.98%, Valero Energy (VLO) +2.90%; Utilities (+1.1%) followed by Real Estate (+0.53%). Laggers: As noted Consumer Discretionary (-1.50%), Information Technology (-0.91%) followed by Communication Services (-0.66%) w/ media and entertainment lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +4.29 at 540.89, McDonalds (MCD) +2.53 at 259.33, Travelers (TRV) +2.29 at 162.27, Chevron (CVX) +1.32 at 154.84. Laggers: Salesforce.com (CRM) -8.19 at 181.46, Home Depot (HD) -6.89 at 305.08, Nike (NKE) -4.00 at 110.00.
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Stock indexes held mildly weaker after the FI close, tech-stocks continued to underperform after Micron warning "expect significant sequential declines in revenue and margins”, consumer discretionary sector weaker due to durables and autos underperforming while energy share outperformed.

  • Selling remained cautious ahead Wed's key CPI data (0.2% MoM est vs. 1.3% prior, 8.7% YoY vs. 9.1% prior). Currently, SPX eminis trades --18.0 (-0.43%) at 4124; DJIA -51.2 (-0.16%) at 32781.63; Nasdaq -144.2 (-1.1%) at 12500.63
  • SPX leading/lagging sectors: Energy sector remains strong (+1.51%) lead by Occidental Petroleum (OXY) +3.9% after report Warren Buffet increased his holdings to 20%, Marathon (MPC) +2.98%, Valero Energy (VLO) +2.90%; Utilities (+1.1%) followed by Real Estate (+0.53%). Laggers: As noted Consumer Discretionary (-1.50%), Information Technology (-0.91%) followed by Communication Services (-0.66%) w/ media and entertainment lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +4.29 at 540.89, McDonalds (MCD) +2.53 at 259.33, Travelers (TRV) +2.29 at 162.27, Chevron (CVX) +1.32 at 154.84. Laggers: Salesforce.com (CRM) -8.19 at 181.46, Home Depot (HD) -6.89 at 305.08, Nike (NKE) -4.00 at 110.00.