Big Night for the Consumer

Among other premier brands like Visa, large consumer discretionary names AMZN SBUX report tonight after the bell. Both have been brilliant multi-quarter rallies into this particular report and, at some point, the good news all be fully priced in. Still, risk runs high both ways into earning, as we have seen with the likes of GOOGL and AAPL so far this earnings season. 

Miners and metals continue to get whacked, beyond the precious ones, as FCX and copper are getting drilled, too. 

Indeed, the focus in this market should probably on avoiding the big loss rather than pressing for a home run. 

I will discuss the more in the brief recap here after the bell, and in the full-length one for Members. 

Manage that risk into earnings.