Spoilers or Spoils Imminent in Last FAANG Results: Taking Stock
Employees push carts along aisles as they process customer orders ahead of shipping at one of Amazon.com Inc.'s fulfillment centers in Rugeley, U.K.
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S&P futures have yet to follow Europe and the rest of the world into the red despite oil prices acting as a key spoiler here early.
This after being a key factor behind the early part of last week’s equity strength. The precipitous selloff late Friday is continuing as President Trump repeated his calls for OPEC to lower oil prices. I suppose we should all have been wary of black gold’s recent run, given that equities failed to keep pace -- a potential sign investors were wary the prices would hold for the longer term.