Stock Market Update

The S&P 500 futures currently trade 27 points below fair value. 

Just released, the Q4 productivity change was revised down to 1.8% (Briefing.com consensus 2.5%) following a preliminary increase of 2.8% and a 4.9% increase in the third quarter. 

Q4 unit labor costs were revised up to a 4.1% increase (Briefing.com consensus 3.1%) following a preliminary increase of 2.8% and a 1.9% decline in the third quarter.