Good morning. Premarket futures are up following a better than expected
February CPI and high expectations for big rate cuts at next week's Fed meeting. There's not a
lot of news other than the CPI grabbing the market's attention.
Premarket gainers: TTHI, SCA, WSCI, TMA, SHPGY, BA, ZUMZ, COGO, COIN, LSCC, PWER, JASO, ESLR, TRA, SOLF, ARCI, CROX, VM, and QGEN.
Premarket losers: IFON, STEM, CX, PSUN, ANN, HOG, UCBH, and ARO.
At 10:AM we have a report on consumer sentiment and at 1PM Bernanke will speak about "fostering sustainable homeownership" at a meeting in Washington. Bush is also scheduled to speak about the economy but is not expected to issue any new stimulus ideas.
Fridays haven't been good to the market recently, but with +2% gains in the major market averages this week and a Fed meeting to look forward to next week, this looks to be the exception. After all, this morning's inflation data was exactly what the market wanted to hear. Have a great Friday!
