What’s in Today’s Report:
- Have the Real Headwinds on Stocks Even Started Yet?
- Weekly Market Preview: Is Economic Growth Stable?
- Weekly Economic Cheat Sheet: Jobs Report Friday
Futures are little changed following a quiet weekend of news as investors await key economic data later this week.
Geo-politically, in-person peace talks between Russia and Ukraine will resume on Tuesday in Turkey and there remains some cautious optimism for progress towards a cease-fire.
Economically there were no notable reports overnight, although Shanghai is entering a two-phased COVID lockdown that weighed on oil and Chinese shares overnight (as that’s negative for economic growth and oil demand).
Today there are no notable economic reports and no scheduled Fed speakers, so focus will remain on oil (do the early declines continue?) and geo-politics, as any more hints of a cease fire will put a tailwind on stocks.