An Interesting Chart to Show Clients

What’s in Today’s Report:

• An Interesting Chart to Show Clients

Futures are little changed despite an underwhelming night of earnings and higher oil prices.

Earning overnight were disappointing, as TSLA, IBM and SAP all missed earnings or cut guidance.

Geo-politically, the U.S. sanctioned Russian oil companies Lukoil and Rosneft, causing a 5% spike in oil prices.

Today we do get some economic data via the Chicago Fed (E: -0.12) and Existing Home Sales (E: 4.06 million).  Neither report is normally a market mover, but given the lack of other data, the reports have the potential to move markets.  Solid readings (so in line with expectations) that show stable growth will be the best case for stocks.

Earnings season continues and after a very strong start last week, results this week have been much more mixed.  Reports we’re watching today include:  INTC ($-0.12), AAL ($-0.27), FCX ($0.41), HON ($2.56),  NEM ($1.29), F ($0.38),and  TMUS ($2.42).