What the Fed Decision Means for Markets

What the Fed Decision Means for Markets: Start a free trial of The Sevens Report.

What’s in Today’s Report:

  • What the Fed Decision Means for Markets
  • EIA Analysis and Oil Market Update

Futures are moderately higher on momentum from Wednesday’s post-Fed rally while earnings and data were solid overnight.

Economically, Euro Zone Manufacturing PMI was slightly better than expected (43.1 vs. (E ) 43.0).

On earnings, reports were good overnight with solid reports from ALL, CLX, PYPL, QCOM and others.

Today focus will be on economic data and a big earnings report after the close.  Economically, the two notable reports are Jobless Claims (E: 213K) and Unit Labor Costs (E: 0.7%).  Of the two, Unit Labor Costs are the more important number and markets will want to see an in-line or lower reading to imply receding inflation risks.

On the earnings front, there are a lot of reports today, but the highlight is clearly AAPL ($1.39) which reports after the close.  Other notable earnings include SQ ($0.47) and SBUX ($0.97).

Bottom line, if the market gets more Goldilocks data and solid earnings, this relief rally can continue. But if yields start to rise, don’t be shocked if there’s a reversal.

What the Fed Decision Means for Markets

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.