As we enter the last trading day of the quarter, futures indicate a flat start. Of more importance to investors than where we start, is where the markets close. As of the end of trading yesterday, the S&P was up 16.2% for the quarter, which would be its best quarterly performance since 1998. However, despite the strong quarterly gains, the S&P has a ways to go to reach the high it hit in October 2007.
There are a few events to day that could move the markets. The S&P Case-Shiller Home Price Index will be released at 9:00 am ET, and followed by the Chicago Purchasing Managers Index at 9:45 am ET and the Consumer Confidence report at 10:00 am ET.
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