The Bullish Argument for Stocks: Strengthen your market knowledge with a free trial of The Sevens Report.
What’s in Today’s Report:
- Is the Bullish Argument for Stocks Becoming Unsustainable?
- Weekly Market Preview: Does Disinflation Continue or Reverse?
- Weekly Economic Cheat Sheet: CPI on Wednesday is the Key Report This Week
Futures are moderately higher on encouraging Chinese economic data. As well as multiple financial publications predicted the Fed is done with rate hikes.
Chinese New Yuan Loans rose 1,360 billion vs. (E) 1,200 billion hinting the Chinese economy may be stabilizing.
Reuters, Bloomberg and the WSJ have published articles since Friday essentially saying the Fed is done with rate hikes and while that’s not new news, it’s helping futures rally this morning.
Today there are no notable economic reports nor any Fed speakers. Today’s focus will remain on Treasury yields and if yields are relatively stable, then stocks can rebound from last week’s losses.
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