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.
Today will be a typically quiet post-Thanksgiving Friday but there is an important economic report to watch: Composite Flash PMI (E: 54.8). Economic data has been more mixed lately, and a soft number here will fuel concerns the U.S. economy is losing momentum, futures are marginally lower as markets digest recent volatility following a mostly quiet Thanksgiving holiday and more.
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Pullback Update: Why we think the 2650-2850 trading range is still intact, today should be a generally quiet day as travel picks up for the Thanksgiving holiday, but, that said, there are three notable economic reports this morning: Durable Goods (E: -2.5%), Jobless Claims (E: 215k), Existing Home Sales (E: 5.21M). Bottom line, tech remains key in the short term and more.
What’s in Today’s Report: Why Stocks Dropped Yesterday? More Housing Trouble? Are “Gassy” MLPs a Buy? Today will be another quiet day, as we have no Fed speakers and just one economic number: Housing Starts (E: 1.24M), futures are moderately lower on momentum as Monday’s U.S market declines spilled over globally and more.
Four keys to a bottom, weekly market preview (busy despite the holiday), weekly economic cheat sheet (all about flash PMIs and housing), futures are marginally lower following a very quiet weekend as markets digest the Thursday/Friday rally and more.