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US stock futures focus on the weakest link for now-check out the Dow Jones

Following on from the previous two updates, the reaction across the US equity futures to the weaker than forecast US retail sales data has eclipsed the better data releases seen at the same time. So, Sales are continuing to dominate the price action across all the markets right now and pushing those US yields lower. That is music to the ears of stock market bulls and fuelling an even higher opening this afternoon, but I stress this is very much subject to change over the next 40 minutes. Personally speaking, I think bonds have overreacted to all this, but I am just the messenger here and not the driver. So, the Dow Jones futures have priced a reopening at above 38,500 since that sales data release. It is a little below that now, currently priced to reopen at around 38,485

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