THURSDAY 10/22/15; ECB Rate Decision and President Draghi Press Conference; European and US Stocks Rally on Draghi Dovish Comments; MMM; CAT; CY; DHR; DOW; DPS; DNKN; LLY; FCX; MCD; NUE; RS; RTN; R; LUV; SWK; UA; UAL; UNP; USG; Existing Home Sales; GOOGL; T; JNPR; MSFT; PHM

At 8:15 AM Tokyo (7:15 AM Hong Kong and Shanghai; 7:15 PM EST Wednesday evening in the States), US futures are flat. S&P +2. Dow -3. Nasdaq +6.

Euro 1.1341. Dollar/yen 119.90. Pound 1.5418. Aussie dollar 0.7212. WTIC oil 45.28. Brent oil 47.85. Natty gas 2.41. Gold 1167. Silver 15.69. Copper 2.3585.

US Treasury yields are; 2-year 0.62%, 5-year 1.35%, 10-year 2.02%, 30-year 2.86%. The 2-10 spread is 140 bips threatening a 139 handle which represents a flattening yield curve. German bund 0.569%. Japan 10-year yield 0.317%.

Weak commodity and mining stocks create a 












[Text is Redacted: Purchase October 2015-10 to Read the Complete Chronology]

In Iraq, A US soldier is killed during a raid against ISIS Islamist radicals that frees 70 prisoners many are Iraqi soldiers believed to be in imminent danger. The United States suffers the first combat death in Iraq in four years. President Obama’s war against ISIS sheds American blood.