Advisor Considerations of the “T+1” Settlement Change
Advisor Considerations of the “T+1” Settlement Change: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Practice Management Update: Examining the Upcoming Move to T+1 Settlement
- Long-Term S&P 500 Chart: Greatest Volatility Risk Since January 2022
Futures are flat this morning as economic data was mixed in Europe and global traders await NVDA earnings (tomorrow) to gauge the outlook for AI industry growth.
In Europe, German PPI fell -3.3% vs. (E) -3.1% underscoring that disinflation trends remain underway in the EU while the UK’s CBI Industrial Trends Order Balance dropped -33% vs. (E) -20% adding to global factory sector worries.
Looking into today’s session, there are no economic reports to watch but a handful of Fed speakers on the calendar this morning: Barkin (9:00 a.m. ET), Waller (9:00 a.m. ET), Williams (9:05 a.m. ET), Bostic (9:10 a.m. ET) and Barr (11:45 a.m. ET).
At this point, the higher-for-longer mantra has been absorbed by markets and it would take renewed talk of rate hikes to meaningfully move markets, especially as traders settle in and await tomorrow’s post-bell earnings release from NVDA which is widely viewed as the most important catalyst of this week.
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