How to Explain This Market To Clients (September Update)
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What’s in Today’s Report:
- How to Explain This Market To Clients (September Update)
- Weekly Market Preview: Two Key Central Bank Decisions (Fed on Wednesday, BOJ on Thursday)
- Weekly Economic Cheat Sheet: Important Growth Updates This Week
Futures are little changed despite more negative Chinese economic data as investors look ahead to the Fed decision on Wednesday.
August Chinese economic data disappointed as Industrial Production (4.5% vs. (E) 4.7% and Retail Sales (2.1% vs. (E) 2.7%) both missed estimates, raising more concerns about Chinese growth (and global growth more broadly).
Politically, there was another assassination attempt on Trump, although the event shouldn’t alter the current race.
This week will be both busy and important for this rally, but it starts slowly as the only notable number today is the September Empire Manufacturing Index (-4.1). An in-line to slightly better than expected number would be the best-case scenario for markets today.
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