What Would Charles Dow Say About This Market?

What’s in Today’s Report:

• What Would Charles Dow Say About This Market?

Futures are little changed as investors digest Thursday’s new highs and await results of the Trump/Xi phone call.

The BOJ made no change to rates, as expected, but the decision was hawkish as two members voted for a rate hike and that is weighing modestly on Japanese shares.

Economically, data largely met expectations as Japanese CPI, UK Retail Sales and German PPI were in-line with expectations.

Today focus will be on the Trump/Xi phone call (approximately around 9:00 a.m.) and if a broader trade deal with China is announced it’ll be an additional market positive.  Beyond trade headlines, there are no notable economic reports and just one Fed speaker, Daly at 2:30 p.m. ET