DJ -17 as investors mulled improved auto sales, surging commodity prices and Warren Buffett's buyout of railroad Burlington Northern Santa Fe, offset weak financials.
8.30 : DJ futs +11. Regional mixed, flat, no diretion yet. Commodity strong.
With external steady, fkli is seen narrowing yesterdays' discount but not seen as upside momentum until fbm moves up to 43-46 range. Looks like a firm mkt, back by commodity but no big up expected.
Above 36.5, a buy mkt, targeting 46.
3 years ago
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