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Putting New or Idle Cash to Work During Volatility Season

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What’s in Today’s Report:

  • Putting New or Idle Cash to Work During Volatility Season

Futures are higher as lower oil prices and retreating bond yields support stocks ahead of today’s CPI report.

Geopolitically, reports that Gulf states may meet with Iranian officials next week are easing concerns surrounding the Strait of Hormuz and weighing on oil prices.

Economically, UK monthly GDP rose 0.4% vs. (E) 0.0% in July.

Today, market focus will be almost exclusively on inflation data before the bell with CPI (E: 0.4% m/m, 3.4% y/y) and Core CPI (E: 0.2% m/m, 2.4% y/y) due out at 8:30 a.m. ET, followed by Consumer Sentiment (E: 51.2).

Finally, only one notable earnings report is due today, KR ($1.05), so markets will focus primarily on economic data and geopolitics.

 

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