Are Rising Rates Really Bad For Stock Returns?

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What’s in Today’s Report:

  • Are Rising Rates Really Bad For Stock Returns?

Futures are higher as a sharp drop in oil prices and lower Treasury yields are supporting stocks ahead of today’s September jobs report.

Oil prices are falling as reports of potential strategic reserve releases in Europe ease supply concerns.

Economically, Eurozone HICP came in at 3.8% vs. (E) 3.7% y/y, while Core HICP met expectations at 2.5% y/y.

Today, focus will be on the September Employment Situation Report (E: 90K Job-Adds, 4.1% Unemployment Rate, 0.3% Wage Growth), with Factory Orders (E: 0.0%) and Motor Vehicle Sales (E: 16.6 million) also due. A Goldilocks jobs report should help support stocks.

Finally, Fed Governor Logan is scheduled to speak at 10:00 a.m. ET, although the jobs report will remain the primary focus for markets.

 

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