Hard Landing/Soft Landing Scoreboard: No Real Signs of a Slowdown
What’s in Today’s Report:
- Hard Landing/Soft Landing Scoreboard: No Real Signs of a Slowdown
Futures are drifting slightly higher after a generally quiet night of no additional Trump/Powell drama or trade news.
President Trump’s visit to the Fed was largely uneventful and markets still fully expect Powell to finish his term.
Economic data from Europe slightly underwhelmed as UK Retail Sales (0.9% vs. (E) 1.4%) and German IFO Businesses expectations (90.7 vs. (E) 91.4) both missed estimates.
Today there’s just one notable economic report, Durable Goods (E: -11.0%), and markets will want to see another solid number that reinforces businesses are not slowing investment despite tariff uncertainty.
On earnings, next week is another big one for important companies but there are still some worthwhile results today including: CNC ($0.68), HCA ($6.19), AN ($4.70), PSX ($1.63), AON ($3.40).