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January 08, 2013 at 09:36 AM EST
Minyanville's T3 Morning Market Call: Market Waits for Alcoa to Kick Off Earnings Season
Futures are trading near the flat line this morning as investors wait for Alcoa (NYSE:AA) to mark the beginning of earnings season tonight. The market was extremely quiet yesterday following a very strong start to 2013. S&P 500 ETF (NYSEARCA:SPY) volume was the lowest for a full session since the day before Thanksgiving which is not altogether surprising considering the whirlwind we have seen in the market over the last few weeks surrounding the fiscal cliff negotiations. Rest and consolidation are healthy for stocks. The banks continue to lead the market higher and yesterday were able to shrug off ...
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