Mid-Term Election Preview: What It Means for Markets
What’s in Today’s Report:
- Mid-Term Election Preview: What It Means for Markets
- Understanding Why A Falling 10 Year Yield Hasn’t Been Positive for Stocks
- Weekly Market Preview: A Critical Week for AI/Tech (Key Earnings Reports)
- Weekly Economic Cheat Sheet: FOMC Decision Wednesday, Inflation Thursday
Futures are slightly higher as markets on a decline in oil prices and following a mostly quiet weekend of news.
Officials from numerous Gulf states will be in Tehran this week and that is raising some hope of diplomatic progress between the U.S. and Iran and that’s pressuring oil prices.
On tech, AI sentiment took another hit over the weekend as Elon Musk warned hundreds of neo-clouds will fail (although the warning was general and not specific).
Economically the only notable report was German Ifo Business Expectations when beat estimates (91.6 vs. (E) 90.2).
This week has a lot of potential market moving catalysts with a Fed decision, key inflation report and critical AI earnings, but those come later in the week and today there are no notable economic reports. So, geopolitical headlines and AI sentiment should drive trading today ahead of the key events later this week.
Some notable earnings today include: VZ ($1.27), WELL ($1.64), CDNS ($1.61), NUE ($5.71).
