Open

Futures have been inching higher all morning. Now it looks like we will open positive. Earnings warning season is approaching. Lowe's guided towards the lower end this morning. Everybody expects home type stocks to have problems so it is already baked in. I need to be ready to buy soon.

Is a recession right around the corner? Could be. That will mean that the fed starts cutting rates and will set the stage for the housing sector to get some legs.