July 4th Week

S&P futures vs fair value: +3.40 at 917.30. Stocks advanced in the pre-market today. In this short week, markets will be closed on Friday, Monday is lacking economic news. 3-month and 6-month bill auction starts at 1pm. Farm prices at 3pm. That is about it. European markets are all up at this hour, trying their new highs for the day. Bernie Madoff will be sentenced today. All the eyes are now turned to this news, though it won't have an impact on the market.