Summer’s Finally Here – Investing in the Kids
Summer’s Finally Here – Investing in the Kids: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Summer’s Finally Here – Investing in the Kids
- EIA Analysis and Oil Market Update
Futures are modestly lower as global economic data missed estimates and further pointed towards a slowing of growth.
The Euro Zone flash PMI dropped to 50.8 vs. (E) 52.4 and UK Flash PMI fell to 51.7 vs. (E) 53.3 and those soft readings are increasing global growth concerns and that’s weighing on futures.
Economic data will again be in focus today and, by far, the most important report is the June Flash Composite PMI (E: 51.6) and given the softness in economic data this week, the stronger this number, the better.
Other notable economic reports today include Existing Home Sales (E: 4.10 million) and Leading Indicators (E: -0.3%) but it’ll take big surprises for them to move markets.
Finally, today is a “Quadruple Witching” options expiration so there may be higher than normal volumes and greater than normal volatility into the close.
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.
