Pre Market - September 6th 2007

Mixed pre market data with the futures moving in the same fashion. Initial claims came in and were slightly better than expected. But the key will be tomorrows employment data.

Same store sales data being released this morning has been on the upside and a surprise to the markets. This in conjunction with the rise in the LIBOR rates has the markets 'confused'.

Mixed signals for those wanting a rate cut on September 18th. Market will be floating today until any other news which gives the market a sense of the intentions of the FOMC. ISM data will be released at 10am. And in addition to that there are various Fed members that will be speaking today: Poole (11am), Yellen & Kroszner (11:30am), newbie Lockhart (12:25pm), & Fisher (2pm). This is a lot of Fed talking heads in one day! And the market will react to every comment they say.