A.M. Update

S&P futures are down -0.5%, which gives our consolidation some shape in the futures market anyway, and likely in the cash market after a few hours. S&P futures (3m) appear o be consolidating with a bullish bias following 2-days of strong gains. Dow components 3M (MMM -3.9%), Johnson & Johnson (JNJ -1.1%), Travelers (TRV -0.1%), and Verizon  (-2.2%)…