A Make or Break Week for the Rally

/in /by

What’s in Today’s Report:

  • A Make or Break Week for the Rally (Key Catalysts to Watch)
  • Why Last Week Was Better Than It Seemed

Futures are modestly lower following an uneventful weekend as markets digest Friday’s rally ahead of a very busy week.

The government shutdown ended on Friday but the shutdown was never an influence on stocks so the resolution isn’t going to be a positive catalyst.

There were no notable economic reports out over the weekend.

Today should be generally quiet as there are no economic reports and just one notable earnings report (although it’s an important one), CAT ($2.98).

But, barring any major surprises from CAT, investors and markets will likely spend today looking ahead to the key events coming later this week including:  FOMC Decision (Wed), Chinese Manufacturing PMIs (Thurs), Employment Cost Index (Thurs), Jobs Report (Fri) and U.S. Composite PMIs (Fri).  Those events, in aggregate, will likely decide whether we see an extension of this 2019 rally or a retracement back to previous support, so the stakes are high.

Finally, our regular editor is out through Wednesday so please excuse any higher than normal typos, etc.