A.M. Update

S&P futures are staging a little dead-cat bounce, up about +0.6%, although up more than 1% earlier. NASDAQ-100 futures are up +0.9%. A reassuring earnings report and outlook from Oracle (ORCL) provided a distraction from recent selling efforts. ORCL is up 12% in pre-market. Still, the S&P 500 is down 10.0% from its intraday high…