Post Fed Money Flows Highlight 2026 Positioning Risk

What’s in Today’s Report:

• Post Fed Money Flows Highlight 2026 Positioning Risk

Futures are mixed as tech stocks drop on more underwhelming earnings (AVGO) while the rest of the market trades higher.

Broadcom (AVGO) beat on earnings and revenue but concerns about the sustainability of the performance weighed on the stock and it’s down –6% pre-market.

Economic data slightly underwhelmed as UK GDP and Industrial Production both slightly missed estimates.

Today there are no notable economic reports but there are three Fed speakers: Paulson (8:00 a.m. ET), Hammack (8:30 a.m. ET and Goolsbee (10:35 a.m. ET).  Of the three, Goolsbee is the most important because he dissented on Wednesday and voted for no rate cut, so hearing his reasoning will be notable for markets (and if he’s more hawkish than expected it could be a mild headwind on stocks).