The /ES looks to open flat around 1628. It traded at an overnight low of 1626 and a high of 1634. The 10yr is 2.75 after finishing yesterday at 2.72.
$JOY is trading down about 5% at 48.80 after closing at 51.30. It is out with earnings which disappointed showing decreasing revenue and decreasing margins. Management announced a $1B buyback but that seems ill advised in its current economic climate as it's revenues for the TTM are slightly over $5B with debt around $1.3B and only $230m in cash. It bounced off 2yr support at 48 in the pre-mkt. I would consider picking up some weekly 48 puts expecting a sell off today.
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