Why Yesterday’s Economic Data Wasn’t That Bad
Why Yesterday’s Economic Data Wasn’t That Bad: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Why Yesterday’s Economic Data Wasn’t That Bad
Futures are slightly weaker this morning as Tesla’s “Cyber Cab” event underwhelmed while investors look ahead to the start of earnings season.
Economically, German CPI and UK monthly GDP both met estimates and didn’t provide any negative surprises.
Today investors will be focused on more inflation data via PPI (E: 0.2% m/m, 1.6% y/y) and Core PPI (E: 0.2% m/m, 2.7% y/y) while there are also several Fed speakers including Goolsbee (9:45 a.m. ET), Logan (10:45 a.m. ET) and Bowman (1:10 p.m. ET). But, barring any major surprises from PPI or those Fed officials, they shouldn’t move markets.
Additionally, focus will now turn towards earnings and that will be one of the dominant forces on markets for the next three weeks. Key reports today include: JPM ($4.02), BLK ($10.42), WFC ($1.27), FAST ($0.52).
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