How Long Can Goldilocks Last?
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What’s in Today’s Report:
- How Long Can Goldilocks Last?
- Weekly Market Preview: More Updates on Growth and AI Enthusiasm (NVDA Earnings on Wednesday)
- Weekly Economic Cheat Sheet: Will the First Big Report of May Confirm Slowing Growth?
Futures are little changed following a generally quiet weekend of news and ahead of another important week of potential market catalysts.
Geopolitics was in focus this weekend as Iranian President Raisi was killed in a helicopter crash, although it appears an accident and oil isn’t rallying on the news.
There was no notable economic data overnight.
Today there are no economic reports but there are multiple Fed speakers including: Bostic (7:30 & 8:45 a.m. ET), Barr & Waller (9:00 a.m. ET), Jefferson (10:30 a.m. ET), Mester (2:00 p.m. ET) and Bostic again (7:00 p.m. ET). However, for all the commentary, unless multiple Fed officials start openly discussing rate hikes (which is extremely unlikely) their commentary shouldn’t meaningfully move markets.
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