Futures are flat and resting after yesterday’s march lower and we will have high drama today in DC as our banking leaders get scolded in public by our “all knowing” leaders. If you want to see a pot calling a kettle black, then you will want to tune in.
It’s hangover day and it will be interesting to see if they take it lower or take a stand. Watch energy, as it is a very big component of the S&P, the financials are starting to have less of an impact in terms of weighting, but still very important. I think oil is headed to $30 but for now it has found a range.
On a positive note, Stocktwits continues to rock and is becoming an incredible tool for investors and traders. Here is a write up in Business Week.