Sector Investing

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From Briefing.com: 08:35 am : S&P futures vs fair value: -4.9. Nasdaq futures vs fair value: -5.0. Even with investors fearing the worst, a stronger than expected read on core-CPI has futures indications now suggesting another weak start for stocks. Total CPI rose 0.4% in May, matching the consensus, but the closely watched core rate (ex-food and energy) rose a larger than expected 0.3% (consensus 0.2%) for the third straight month to leave a 2.4% annual rate and suggest the Fed will have to keep raising rates to fight inflation. Fed funds futures are now pricing in a 100% chance of a 1/4% hike on June 29th. Bonds, which were off slightly ahead of the report, have slipped further into negative territory. The 10-yr note is now down 5 ticks to yield 4.98 %.

http://finance.yahoo.com/mo

Looks like to me though that semiconductor related stocks are ready to open strong this morning.

RtS