A.M. Update

S&P futures are up +0.2% and still moving in a parallelogram following Wednesday’s loss that’s consentient with a bear flag. Markets will be closed on Monday for Christmas Day. Personal income rose 0.4% in November (consensus 0.4%) following a 0.3% increase in October (revised from 0.2%). Personal spending rose 0.2% in November (consensus 0.2%) following…