Zeev's Turnips Patch-No Politics (ZEEV)

[manny t]

08:47 ET S&P futures vs fair value: -7.2. Nasdaq futures vs fair value: -4.0.
Equity futures have ticked lower since the PPI increases of 0.1% total and 0.2% core were both a tenth higher than consensus. Overall, Wal-Mart guiding higher and generally positive June chain store sales reports are being countered by a report that the SEC is investigating BMY, Pru saying Intel may cut cap-ex and a GM downgrade.