Trading in S&P 500 futures on Friday morning pointed to a much lower open for stocks today. Unsurprisingly, that scenario is playing out perfectly this morning. The S&P 500 is lower by 1.33%, to 1379.35 early in trading. Volatility is exploding, with the VIX higher by 13% this morning. Bond yields have drifted much lower, with the 10-year note yield sitting at 2.04%. Gold futures (June) are higher by 0.8%, to $1643/oz. Best of luck out there, and on with the links…
- HFT Watch: Traders navigate a murky new world. (WSJ)
- AOL to sell patents to Microsoft for $1.1B. (Bloomberg)
- Sony to eliminate 10K jobs, or 6% of workforce. (Bloomberg)
- 50 amazing numbers about today’s economy. (Motley Fool)
- Economic surprises and market performance. (Pragmatic Capitalism)
- Gold does nothing, and that’s good. (The Aleph Blog)
- Caterpillar’s big bet on the US economy. (Reuters)
- Investors braced for fall in US profits. (FT)
- China inflation exceeds forecast. (WSJ)
