Growth vs. Value: A Closer Look
What’s in Today’s Report:
- Value Sectors vs. Growth Sectors – A Closer Look
- Retail Sales and Industrial Production Data Takeaways
Stock futures are trading modestly higher this morning as investors continue to digest the latest vaccine news against still elevated coronavirus cases and new lockdowns across parts of the U.S.
Economically, the only report overnight was Eurozone HICP from October which met estimates at 0.2% M/M and did not materially impact markets.
Today, there is just one economic release to watch ahead of the bell: Housing Starts and Permits (E: 1.46M, 1.56M) before the “Fed speak” picks up again after the open with Evans (10:00 a.m. ET), Williams (12:15 p.m. ET), Bullard (1:20 p.m. ET), Kaplan (6:00 p.m. ET) and Bostic (7:00 p.m. ET) all due to speak over the course of the day.
Beyond data and Fed chatter, investors will continue to watch the fluid macro backdrop of the broader markets which includes vaccine developments, coronavirus case counts, lockdown policies, and any clues as to the time frame and size of the next relief package from Congress.
