Is DeepSeek a Bearish Gamechanger?
Is DeepSeek a Bearish Gamechanger?: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Is DeepSeek a Bearish Gamechanger?
Futures are enjoying a relief rally after yesterday’s steep, tech-led losses as traders shrug off negative tariff news.
Late yesterday, Trump said he wants universal tariffs “much bigger than 2.5%” which pressured Asian markets overnight but is so far having a limited impact on U.S. stocks.
Looking into today’s session, price action should stabilize somewhat as the FOMC meeting gets underway and traders position into tomorrow’s policy announcement.
However, there are several noteworthy economic reports to watch this morning that could move markets including: Durable Goods (E: 0.8%), the Case-Shiller Home Price Index (E: 4.1%), and Consumer Confidence (E: 106.3). Investors will be looking for more Goldilocks data (cooling inflation, slowing but not collapsing demand/growth).
In the afternoon, there is a 7-Yr Treasury Note auction at 1:00 p.m. ET and it will be important to see solid demand to help shore up the idea that rates have put in at least a near-term peak (weak demand and subsequently rising yields could weigh on stocks).
Finally, earnings season continues will a few noteworthy companies reporting today, including: BA (-$2.27), GM ($1.65), SYF ($1.90), and SYY ($0.93).
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.
