The Market On Friday

The most noticeable point in today's Reuters article on the condition of futures comes from J.P.Morgan. They are saying that the S&P 500 will drop roughly 100 points by September.

At the same time they are suggesting that investors use that period to accumulate more assets. So on the one hand its possibly a warning and a possible opportunity.

Futures are slightly down.

Reuters: Futures point to weak open after strong session

The S&P 500 index .SPX is likely to fall to between 830 and 875 through September, given its virtually uninterrupted rise since its March lows, J.P. Morgan Securities said...