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Minyanville's T3 Morning Market Call: Market Could Use Rest After Volatile November
US stock futures are around the flat line this morning pulling back in reaction to the latest income and spending data released this morning. Personal income was unchanged in October when consensus estimates projected a 0.2% increase. Personal consumption rose 0.1% against expectations of a 0.2% increase. Today is the last trading day of November so we could see some quiet action as we digest the recent volatility. Overall the market has showed great resilience; after at one point being down more than 4% for the month we are now positive. Although we have staged an impressive rally since ...
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