Sevens Report - Stock market overview

An Important Week for Two Pillars of the Rally

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What’s in Today’s Report:

  • An Important Week for Two Pillars of the Rally
  • Weekly Market Preview: Does Fed Policy and AI News Fuel Push Markets to New Highs?
  • Weekly Economic Cheat Sheet: More Labor Market Updates (Is It Stable?)

Futures are little changed following a generally quiet weekend of news and as investors look forward to important Fed and AI events later this week.

Investor focus, as we start the week, is on Wednesday’s Fed decision, ORCL/AVGO earnings and a Chat GPT update.

Economically, foreign data was better than expected as Chinese exports beat estimates (rising 5.9% vs. (E) 4.0%) as did German Industrial Production (1.8% vs. (E) 0.1%).

This week will be a busy one but today should be relatively quiet in the markets as there are no notable economic reports and just one earnings report after the close, TOL ($4.87).

 

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