U.S. stock indexes were slammed yesterday with the largest one day lost for the month of June.  The loss brought on Goldman Sachs (GS, [stock GS]) call to short the S&P 500 citing a continued slide of additional 5% market correction.

Couple the Goldman Sachs (GS, [stock GS]) call with global weakening data out this week only puts fuel on the fire of doom and gloom.

Futures are suggesting a modest positive open today but likely will be a dead cat bounce and a possible selling opportunity.

The economic calendar is empty for the U.S. but few key data points on deck for our neighbors to the north – for complete list Canadian economic data checkout our economic calendar here.

A couple of noteworthy earning announcements on deck before the opening bell are:

Carnival Cruise Line (CCL, [stock CCL])

Darden Restaurants (DRI, [stock DRI])

Moody’s downgrades 15 banks around the global including U.S. banks:

Goldman Sachs (GS, [stock GS]))

JPMorgan Chase (JPM, [stock JPM])

Morgan Stanley (MS, [stock MS])

Citigroup (C, [stock C]))

Bank of America (BAC, [stock BAC])

Have great weekend to all our readers!!!