What the Fed Decision Means for Markets
What’s in Today’s Report:
- What the Fed Decision Means for Markets
- Two Fed Issues to Watch Going Forward
Futures are lower, led by the Nasdaq, as Alphabet’s disappointing results renew concerns about AI spending and profitability.
Geopolitically, oil prices eased slightly on hopes for renewed U.S.-Iran peace talks, despite the IRGC’s claim that three tankers struck naval mines in the Strait of Hormuz.
Today focus will be on Jobless Claims (E: 198K), Core PCE Price Index (E: 0.3% m/m, 3.1% y/y) and Advanced Q3 GDP (E: 3.1%). Markets will need to see tame inflation to ease pressure on Treasury yields.
Finally, the Treasury will hold a 4-Week and 8-Week Bill auction at 11:30 a.m. ET and a 7-Yr Note auction at 1:00 p.m. ET. There are no Fed speakers scheduled. Notable earnings include AMZN ($2.01), LLY ($5.38), MA ($5.14), INTC ($0.28), CAT ($7.12), and SHEL ($3.54).
Sevens Report Technicals: Mag 7: What to Watch After Earnings
The Mag 7 have been under pressure recently, and with several major earnings reports this week, investors are facing some important questions.
In Monday’s Sevens Report Technicals, we examined all seven stocks individually, identifying which are showing technical strength, which are vulnerable, and the key price levels that could determine what happens next.
We also examined an important development beyond Big Tech: While the major indexes have struggled, buying interest in other areas of the market has been improving. Is this the beginning of a broader shift in market leadership?
Our latest Technicals issue provides the charts, analysis, and specific conclusions to help you navigate these developments.
See What I’m Watching in This Week’s Technicals Report »
