Market Intelligence

Can the Rally Keep Going?

March 21, 2022/in Investing, Reports/by Tom Essaye

What’s in Today’s Report:

Weekly Market Preview: Can the Rally Keep Going?
Weekly Economic Cheat Sheet: Flash PMIs Are the Key Number This Week

Futures are slightly lower following a generally quiet weekend as investors digest last week’s gains.

The Russia/Ukraine war continued with no notable progress towards a cease-fire over the weekend and hope for a near-term peace is fading.

Economically, the only notable report was German PPI, which encouragingly missed expectations, rising 1.4% m/m vs. (E) 1.7% m/m.

Today there are no economic reports and just one Fed speaker, Bostic at 8:00 a.m. ET, and he shouldn’t move markets. So, focus will remain on Russia/Ukraine, and any hints of progress towards a ceasefire will help extend the rally, while any additional escalation will be a headwind on stocks.