Does the Bullish Mantra Still Work?
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What’s in Today’s Report:
- Does the Bullish Mantra Still Work?
- Weekly Market Preview: Upward Momentum Still in Control
- Weekly Economic Cheat Sheet: Friday’s Core PCE Price Index Is the Key Report This Week
Futures are little changed following a mostly quiet weekend of news.
Economically, the only notable report overnight was the German IFO Business Expectations and that slightly missed estimates (89.0 vs. 90.4).
Political risks in France eased over the weekend as Marine Le Pen’s National Rally party, which still leads in the polls, committed to fiscal restraint and pro-business policies.
This week contains some important updates on growth and inflation, but it starts quietly as there are no notable economic reports today and just one Fed speaker, Daly (2:00 p.m. ET), and she shouldn’t move markets.
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