Morning Market Stir: Commodities and Futures Preview

From the floor of the CME group in Chicago, Alan Knuckman discusses yesterday's sell-offs and what it indicates what it means for Wednesday, June 25. One word: unwinding. Yesterday saw some selling, although we made new all time highs first. S&P hit a new level at 1960, but ended up finishing down 10 points. Dow down 88 points. NASDAQ experienced new decade highs, but ended the day essentially unchanged. Dollar index up 5; Euro currency still trying to find direction. Gold up $3. For Wednesday, June 25, we’re positive in S&P and Dow futures, and slightly down in the NASDAQ; dollar index up 1, Euro currency unchanged, bond market up 5 ticks, Ten-Year below 1.26, crude oil up 50c, gold is down.