Are Equity Investors Getting Paid Enough for Their Risk?

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What’s in Today’s Report:

  • Are Equity Investors Getting Paid Enough for Their Risk?

Futures are modestly weaker despite solid tech earnings overnight as AI anxiety is weighing on markets.

Earnings overnight were solid, highlighted by semiconductor company Applied Materials (AMAT) which best estimates and is rallying 11% pre-market.

Economically, the only notable report was EU Flash GDP which met estimates (1.3% y/y).

Today focus will be on CPI and the market needs a good report to help bolster sentiment and reinforce that rate cuts are coming later this year.  Expectations for CPI are E: 0.3% m/m, 2.5% y/y and Core CPI (0.3% m/m, 2.5% y/y).  Anything below those readings, especially in Core, will be welcomed by markets.

Earnings continue as well and notable reports today include: MRNA ($-2.60), CCJ ($0.28), AAP ($0.41).

 

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