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Over the past hour or so a whole host of US Q3 earnings reports have been released and many of them have been companies within the S+P 500. For the most part of the more than 10 or so have beaten on analysts forecasts. However, for the most part, with the exception of GM not by that much. Even so, the S+P 500 futures have not yet reacted positively to any of these reports and that might indicate one, or two things. First, at above 5,800 all the good news is possibly priced-in and second the whole equity market vista is slightly more cautious just now given the current geopolitical backdrop. There are plenty more of these Q3 reports to come today and this week and we shall just have to see if anything really strands out in that respect. So, the S+P 500 closed last night at 5,853.98, with a loss of 10.69 points on the day. Earlier this morning the index was priced to reopen below 5,825. The futures are currently pricing that around 5,830
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