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Financials slide a concern- Copper starting to reverse lower

gm-  Most US index futures down 0.25% with Europe and Asia largely mixed..  Still seeing signs of Risk-off behavior with USDJPY sliding to lows of the year and Treasury yields slightly lower.. Gold, Silver higher.   S&P still very much mixed trading between 2445-2466-  UNDER 2445 would allow for acceleration, which likely shouldn't be bought right away given the seasonal tendencies and breadth deterioration of late-   Overall the mood right now has gotten downright glum with the ongoing hurricanes, lack of success in tax or healthcare reform and market that is very mixed of late and difficult to make money.. The recent downdraft in Financials is particularly important and will be key that Technology NOT join this weakness in the days ahead but the Insurance weakness likely won't end for another 3-5 days given the uncertainty regarding IRMA-   Discretionary meanwhile weakening steadily with Media deterioration , and Healthcare standing out as one of the better in terms of risk/reward, but more towards the Pharma end than Biotech in the next 60-90 days-   This am has Wholesale Inventories out at 10 am-   Premkt gainers in KURA, ZUMZ, NLNK, CLVS DRD, while on downside: TNTR, AOBC, EFX, MYL, FCX, JKS-  let me know if you have any questions.  Thoughts and prayers go out to those with relatives, friends or family in Southern Florida this weekend

 

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