Tom Essaye Quoted in MarketWatch on January 10, 2019
Tom Eassye was quote in MarketWatch on January 10, 2019. Read the full article here.
Tom Eassye was quote in MarketWatch on January 10, 2019. Read the full article here.
What’s in Today’s Report:
Futures are slightly lower despite generally good news overnight, as markets continue to digest the recent rally.
The U.S. & China announced the next round of trade talks will occur Jan 30/31 in Washington, which is a mild positive (although it was largely expected and mostly priced in).
Economically, data was mixed Japanese Household Spending rose 1.1% vs. (E) 0.2%, while UK Industrial Production dropped –0.3% vs. (E) 0.4%.
Today is all about the CPI report (E: -0.1% m/m, 1.9% y/y). Both the headline and core need to stay around 2.0% yoy for this “dovish” Fed narrative to continue to grow, as a hot CPI report could undo some of the rally markets have enjoyed since last Friday.
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