Day Traders Diary
01/30201208:40 WRAPX S&P futures vs fair value: -10.60. Nasdaq futures vs fair value: -20.50.
Sellers continue to pressure stock futures. Today's only dose of data hasn't done anything to ease their efforts. Personal income increased by 0.5% during December. That bested the 0.4% increase that had been expected, on average, among economists polled by Briefing.com. Spending was unchanged for the month, though. An incremental increase of only 0.1% had been broadly expected. However, core personal consumption expenditures increased by 0.2% during December, just as many had expected.
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