US stock futures are flat just ahead of the open while Treasury yields are slightly lower across the curve. The market is weighing the strength of the post-election rally, which has been impressive but won’t move in one direction forever.
The big winner in the pre-market is Disney as shares are up 9.3% after earnings. The streaming business did better than expected and the company offered upbeat guidance.
I’ll be eyeing shares of Tesla again today as they are down 1% pre-market. Last Friday as shares peaked, call option volumes were 41% of total US stock options traded. That looks like a squeeze and it slowly faded over the past two days.
Chipmakers have also been struggling but Sam Altman tweeted this today, so that’s encouraging.
This article was written by Adam Button at www.forexlive.com.
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