Why the Next Four Weeks Are So Important
Investor Sentiment Update: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Why the Next Four Weeks Are So Important
- Weekly Market Preview: Does Data Stay Goldilocks?
- Weekly Economic Cheat Sheet: Jobs Report Friday, ISM PMIs This Week
Futures are slightly lower as markets digest last week’s rally ahead of a busy week of economic data.
Geo-politically, Mid-East tensions rose further as Israel struck Houthi targets in Yemen, expanding its current campaign. However, for now this is not impacting stocks.
Economically, Chinese manufacturing and non-manufacturing PMIs underwhelmed, raising expectations for even more stimulus (and boosting Chinese stocks).
There are no important economic reports today (they come later this week) so the most important event today is Powell’s speech at 1:55 p.m. ET. He’s unlikely to say much new (given the FOMC decision was less than two weeks ago) but a dovish reiteration of policy will likely continue to boost markets in the near term.
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