Markets Today

What’s Inside Today’s Report:

—  Post election spread trade.
—  Why an overlooked economic indicator from last Friday matters to you.

Futures are slightly weaker for the second straight day as a further collapse in oil prices overnight has temporarily halted the rally in stocks.

Oil fell below $76 overnight on news of Saudi price cuts to the US and word there may be a breakthrough in the Iranian nuclear negotiations (which will mean more supply).

Economically the European Commission cut its growth forecast for ‘14 and ‘15 EU economic growth, but that was expected and isn’t moving markets in Europe.

It’ll be a quiet day today and focus will be on 1) oil and 2) the elections as Trade Balance is the only economic release (E: -40.7B).

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