Hard-Landing/Soft-Landing Scoreboard
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What’s in Today’s Report:
- Hard-Landing/Soft-Landing Scoreboard
- Durable Goods Orders Takeaways
Futures are slightly higher with global markets as traders continue to digest last week’s volatile post-Fed selloff amid quiet news wires and low holiday-week trading volumes.
Overnight, Reuters reported that the Chinese government is planning to sell 3 trillion yuan worth of “special bonds” in 2025, up from 1 trillion in 2024, which supported a moderate risk-on rally in Asian markets.
Today should be a relatively quiet day in the markets as there is only one lesser followed Fed survey release: the Richmond Fed Manufacturing Index (E: -8.0) and no Fed officials are scheduled to speak.
There is a 5-Yr Treasury Note auction at 11:30 a.m. ET which could have an impact on the bond markets, and ultimately stocks (higher yields would put renewed pressure on stocks), however with light attendance and already low volumes, a sizeable move today is unlikely.
Finally, today is a holiday shortened session with the NYSE set to close at 1:00 p.m. ET.
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