S&P 500 futures jump 33 points

<ul><li>S&amp;P 500 futures are up 33 points, or 0.75%</li></ul><p>Weak Nike earnings might have spooked a different market because it's a good bellwether for consumer spending on apparel but the broader market has shaken it off despite a 3% fall in NKE shares.</p><p>Lower PCE inflation is the main driver for the last leg of equity gains as the market increasingly senses a soft landing in something of a goldilocks scenario.</p><p>I've been noting for some time that the first two weeks of July are the strongest, seasonally, of the year. Here's a great chart from Goldman Sachs to illustrate that seasonal strength.</p>

This article was written by Adam Button at www.forexlive.com.