The analysis below is our opinion and any reliance on the numbers is done at your own discretion. There is a substantial risk of loss in futures trading.
So far, of the 80% of the companies in the S&P500 that have reported earnings for Q3 in 2016, 80% beat their earnings estimates and close to 70% exceeded revenue projections. A question going forward during this earnings season is that if the remaining companies fail to beat earnings expectations during a low-interest rate environment, what does this mean for a potential December rate hike?
Low commodity prices put pressure on energy stocks and the S&P500 E-mini futures traded mostly sideways during last week. Price is now trading at an even narrower range between the 20-period moving average at 2140 and the 2100-2020 support area. As