Pre-Markets are signaling a .5% open tomorrow morning.
There is seemingly very little positive news to justify a strong opening like this to start off Q2. Painting the tape maybe a little are we?
Kellogg is reportedly nearing a deal to sell Keebler and Famous Amos to Nutella owner Ferrero. I've never really understood the world of M&A. Aquisitions yes...but why sell off such a storried brand such as Keebler...those Elves have got to be nervous right about now...
Gold and the rest of the PMs are little impressed.