Dow Theory: first bearish signal since July 2015, futures are enjoying a bounce this morning, there is only one economic report: PPI (E: 0.0%) however inflation has been an important topic recently and a material “miss” or “beat” could move markets and more.
Why stocks dropped (new reason) and how markets stabilize, weekly market preview, weekly economic cheat sheet (CPI Wed. and lots of data Friday), futures and global markets are modestly lower due to momentum from Friday’s sell off and more.
Market technical update (encouraging signals), why the yield curve has flattened SO quickly (Blame Oil), futures are modestly lower as markets digest yesterday’s late day rally and look ahead to this morning’s jobs report, geopolitically, initial reports imply the U.S./China trade talks will continue despite the Huawei CFO arrest, why stocks rebounded yesterday and more.
Why markets are dropping again (And Why We Don’t Think It’s a Bearish Gamechanger), what needs to happen in the short term for markets to stabilize, jobs report preview, futures are sharply lower as the arrest of the Huawei CFO in Canada has added to uncertainty on U.S./China trade, while oil is down sharply due to OPEC disappointment and more.
OPEC’s Catch-22 Explained, ISM Manufacturing PMI Analysis, futures are modestly lower as the Trump-Xi “trade truce” continues to be digested this morning while the yield curve flattened further overnight, underscoring growth concerns, the major underlying story this morning is the yield curve as the 2’s-10s spread compressed to new lows overnight (13bp) and the 2’s-5’s actually inverted. and more.
What The U.S./China Trade Truce Means for Markets, Four Keys to A Bottom Updated: Getting Closer, but Not There Yet, Weekly Market Preview, Weekly Economic Cheat Sheet (All About Growth and Jobs) and more.
Trump/Xi Meeting Preview: The Good, the Expected & the Ugly, there are no economic reports today and just one Fed speaker, Williams (1:00 p.m. ET), but he won’t move markets. So, markets should be in a general holding pattern ahead of the G-20 and I’d expect a quiet day and more.
Was Powell’s speech a bullish gamechanger? No, oil update – another bearish report, the unexpected Winner from Powell’s Speech (Yield Curve), today focus will be on economic data, and the most important report will be the Core PCE Price Index (E: 1.9%). and more.
The more important volatility index to watch, was Clarida hawkish?, investor focus will be primarily on the Fed today as one of the two “events to decide the year” will happen over the lunch hour with Powell speaking in New York at 11:30 a.m. ET., on trade, the Washington Post printed another Trump interview overnight and more.
Technical market update, two events to decide the year, weekly market preview, weekly economic cheat sheet (all about inflation this week), futures are surging and global markets are up 1%, there are no notable economic reports or Fed speakers today, so focus will remain on the tech sector and more.