What Happens to Markets If the Bond Vigilantes Return?
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What’s in Today’s Report:
- What Happens to Markets If the Bond Vigilantes Return?
- What Happens to Markets If the Bond Vigilantes Don’t Return?
Futures are slightly lower mostly on digestion of the recent rally and following a mostly quiet night of news.
Economically, the only notable number was UK CBI Industrial Trends, which were slightly better than expected (-34% vs. (E) -40%).
Politically, President Trump conducted an interview with Sean Hannity overnight but nothing new was revealed.
Today we get our first notable economic report of the week via Jobless Claims (E: 218K) and the case remains that Goldilocks data (so in-line to slightly weak) is the best case scenario for stocks, as it implies solid growth but won’t further reduce rate cut expectations.
On earnings, the reporting season continues to gain steam and some reports we’re watching today include GE ($1.02), AAL ($0.64), FCX ($0.25), TXN ($1.19), ISRG( $1.77).
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