Stock Market Update

The S&P 500 futures currently trade 22 points above fair value. 

The index for final demand decreased 0.1% month-over-month in August (Briefing.com consensus: 0.3%) following a downwardly revised 0.7% increase (from 0.9%) in July. The index for final demand, excluding food and energy, decreased 0.1% month-over-month (Briefing.com consensus: 0.3%) following a  downwardly revised 0.7% increase (from 0.9%) in July. 

The index for final demand is up 2.6% year-over-year, versus 3.1% in July, while the index for final demand, excluding food and energy, is up 2.8%, versus 3.4% in July.