Current Market Assumptions (Why Stocks Remain Resilient)
What’s in Today’s Report:
- Current Market Assumptions (Why Stocks Remain Resilient)
- Why Jobless Claims Jumped Last Week
- Weekly Economic Cheat Sheet: Inflation is the Key This Week (CPI on Wed, PPI on Thurs)
- Weekly Market Preview: Do Stagflation Risks Rise?
Futures are little changed following a mostly quiet weekend of news as investors digest the “Just Right” jobs report and look ahead to CPI on Wednesday and the start of earnings season on Friday.
Friday’s jobs report was “Just Right” with job adds rising 238k vs. (E) 230k and wages gaining 4.2% vs. (E) 4.3% y/y. The report is helping to slightly ease the hard landing worries from last week.
Today should be a mostly quiet day of trading as European markets are closed for the Easter holiday and there are no notable economic reports and just one Fed speaker, Williams at 4:15 p.m. ET, as investors will look ahead to Wednesday’s critical CPI report and the start of bank earnings on Friday.
It’s Not Too Late to Send Clients A Quarterly Letter!
If you are behind, please let us help! Our Q1 ’23 Quarterly Letter was delivered to subscribers last Monday along with compliance backup and citations, and we’re continuing to hear from advisors how happy they are with the quality of the letter and how much time and work it’s saved them. We also have not had one compliance rejection!
You can view our Q4 ‘22 Quarterly Letter here.
To learn more about the product (including price) please click this link.
If you’re interested in subscribing, please email info@sevensreport.com.
