A Contrarian Opportunity To Consider: Latin American Equities

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What’s in Today’s Report:

  • A Contrarian Opportunity To Consider: Latin American Equities

Futures are sharply lower as Intel and Amazon earnings deepen concerns about AI spending and profitability, extending this week’s tech selloff.

Oil prices are surging as renewed Houthi attacks on Saudi oil infrastructure raise concerns about further Middle East supply disruptions.

Today’s focus will be on the Chicago PMI (E: 56.0) and the Employment Cost Index (E: 0.8%), which will help assess business activity, wage pressures, and the inflation outlook.

Finally, we have two scheduled Fed speakers, Daly (12:00 p.m. ET) and Musalem (12:30 p.m. ET), and earnings from XOM ($3.90), ABBV ($3.74), CVX ($4.78), AZN ($2.60), CL ($0.92), D ($1.20).

 

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