What Makes It Better & What Makes It Worse
What’s in Today’s Report:
- What Makes It Better & What Makes It Worse
U.S. equity futures are stabilizing and market volatility is easing modestly thanks to some positive tariff news overnight.
On the trade war front, optimism about tariff negotiations between the U.S. and Japan sent the Nikkei higher by 6%+ while Chinese shares rallied after the PBOC pledged stimulus efforts to shore up financial markets amid recent volatility.
Economically, the NFIB Small Business Optimism Index fell to a new post-election low of 97.4 vs. (E) 98.9 in March, the latest report to highlight deteriorating business confidence (dovish for Fed policy outlook).
There are no notable economic reports today however the Treasury will hold a 3-Yr Note auction at 1:00 p.m. ET. A strong auction will reiterate last week’s dovish shift in Fed policy outlook amid growing economic uncertainty and add to prospects that a sustainable relief rally is taking shape.
Finally, there is one Fed official scheduled to speak today: Daly (2:00 p.m. ET) and investors will be looking for more encouraging commentary about the outlook for the economy (but without taking a hawkish tone).
It’s Not Too Late to Send Clients A Quarterly Letter!
Market volatility has surged in the wake of tariffs and clients are nervous. If you are behind, please let us help! Our Q1 ’25 Quarterly Letter was delivered to subscribers last week, complete with compliance backup and citations.
We continue to get feedback about how it is saving advisors time and helping them communicate with their clients in this volatile environment!
You can view our Q4 ’24 Quarterly Letter here. To learn more about the product (including price) please click this link.
If you’re interested in subscribing, please email info@sevensreport.com.
