Minyanville's T3 Morning Market Call: What to Expect in December
US stock futures have a positive tone this morning despite more pessimistic rhetoric over the weekend about the fiscal cliff. As we talked about on Friday it feels like the market has started to develop a thicker skin about the budget negotiations. Last week the market digested well consolidating gains we have seen since the November 16 reversal.   Today is the first trading day of December so we’ll have several pieces of monthly economic data on tap this morning. Manufacturing surveys in Europe and China were better than expected sparking a rally in world markets while we wait for ...
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