UDPATE: Futures bouncing a little off their opening lows (down 7)
Despite the US equity market's efficient "knowing better" on Friday, the total and utter lack of progress this weekend in any and all fiscal issues in Washington has seen the gains from Friday evaporate as the S&P 500 futures open down 10 points. We are sure the headline-driven ping-pong will continue to drive stocks though as there remains over 15 hours until the US day-session opens. Gold and FX markets are practically unchanged for now.
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