Good Morning. So today should be a pretty big session. There are a number of big earning’s misses with AAPL and AMZN and the first look at Q3 GDP. That is a lot for this market to digest. And this market is already pretty confused. So it should be rather interesting to say the least.
On the economic front we received some mixed data on Thursday. Regional Fed surveys have started showing weakness again in October after relative improvement in September. Durable goods improved, but it was somewhat expected with a weak August comparison. Pending home sales were flat, which considering all the new home construction is really not much of a surprise. Seems builders are crowding out existing home sales.