What Makes The Pullback Worse?
What Makes The Pullback Worse? Start a free trial of The Sevens Report.
What’s in Today’s Report:
- What Makes The Pullback Worse?
- Weekly Market Preview: Will Earnings and Growth Data Stabilize Stocks?
- Weekly Economic Cheat Sheet: Growth focus early in the week, important inflation report on Friday.
Futures are enjoying a modest rebound following a quiet weekend of news and ahead of an important week of earnings (especially in tech).
There are major tech earnings this week (TSLA, META, GOOG, MSFT) and tech stocks are bouncing this morning ahead of those reports.
There was no notable economic or geo-political news over the weekend.
This is a potentially busy week of economic data and earnings but it starts slowly, as today there’s only one economic report, Chicago Fed National Activity Index (E: 0.05), and that’s unlikely to move markets.
On earnings, the importance of the results increases this week. Results we’re watching today include: VZ ($1.12), TFC ($0.78), NUE ($3.62).
Join thousands of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
