Big day for earnings

S&P 500 futures are trading at 36 points below fair value after rising 40 points yesterday. The latest downtick came after Trump floated the idea of delaying the election.

We also go the worst GDP print in US history today and an unexpected rise in US continuing jobless claims.

If the downside accelerates, last week's low of 3200 is support in the S&P 500.

Big day for earnings