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August Market Multiple Table Update

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What’s in Today’s Report:

  • August Market Multiple Table – Enough Positives to Continue to Support Elevated Multiples

Futures are steady this morning amid mostly quiet news flow as focus shifts ahead to tomorrow’s CPI release.

Economically, the NFIB Small Business Optimism Index rose 2.4 points to 99.8, topping estimates calling for 97.3.

Tomorrow’s CPI release will be the most important economic report for the week but there is one release that could impact markets today: Existing Home Sales (E: 4.05 million) due out shortly after the opening bell.

There are no Fed officials scheduled to speak today however the Treasury will hold a 6-Week Bill auction at 11:30 a.m. ET and a 3-Yr Note auction at 1:00 p.m. ET (the latter will be more closely watched as a “tell” regarding Fed policy rate expectations).

Finally, earnings season continues today and investors will want to see more robust top and bottom line results as well as strong forward guidance with SE ($0.78), CAH ($2.42), ONON ($0.38), SMCI ($0.56), CRWV ($-1.67), and LITE ($2.62) all reporting today.

 

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