Not a great start to 2016 for the Bulls but could have been much worse if not for a late end-of-day rally. So far in after-hours trading the market has continued higher but we will need to see if these gains hold over-night as well as into early trading tomorrow.
No Sector was spared in today’s trading but the XLU was the clear relative outperformer finishing down only 0.21% followed by the worst performer for 2015, XLE, finishing down 0.41%.
Tomorrow is a light Economic Data session with only Vehicle Sales being reported but later in the week we get the FOMC minutes and Jobs data which will be in focus.
Reporting EPS 1/5/16 After the Close:
Reporting EPS 1/5/16 Pre-Market: