March E-mini S&Ps (ESH15 +0.06%) this morning are up +0.04% and European stocks are down -0.24% in uninspired holiday trade with most markets closing early for Christmas Eve. U.S. and European markets will also be closed for the Christmas holiday on Thursday.

There is one caveat though: Video game software sales, that is physical retail sales excluding downloads, haven't kept pace with hardware sales.

December E-mini S&Ps (ESZ14 -0.04%) this morning are down -0.07%, although European stocks are up +0.89% after German investor confidence rose more than expected to a 4-month high.

As we head into a bond market holiday, dismal liquidity, and a potential Black Monday, something to think about.

Sony has just revised its annual earnings forecast with the addition of a major 180 billion yen (roughly $1.7 billion) “goodwill impairment charge.”

I’m sure you’re all aware of energy and technology showing strength this year, but consumer durables have been flying under the radar.