Sevens Reports - Stock Exchange

Implications of Powell’s Criminal Investigation

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What’s in Today’s Report:

  • Implications of Powell’s Criminal Investigation
  • CPI Data Takeaways

Futures are moderately lower due to ongoing geopolitical angst and growing concerns about Japan’s fiscal situation ahead of snap elections announced for February.

Economically, Chinese trade data was strong overnight with Imports +5.7% vs. (E) -0.1% and Exports +6.6% vs. (E) +3.0%.

Today, investors will get a look at some delayed economic data from Q4’25 including PPI (E: 2.7% y/y), Core PPI (E: 2.6%), Retail Sales (E: +0.2%), and Existing Home Sales (E: 4.23 million). Investors continued to look for strong, but not “hot” growth numbers and “cool” inflation data.

There are multiple Fed officials scheduled to speak today including: Paulson (9:50 a.m. ET), Miran (10:00 a.m. ET), Bostic (12:00 p.m. ET), Kashkari (12:00 p.m. ET), and Williams (2:10 p.m. ET) with markets likely most focused on “Fed Independence” and any shifts in tone regarding 2026 rate cuts.

Finally, earnings season is continuing to ramp up with reports due from WFC ($1.66), C ($1.65), and BAC ($0.95) today.

 

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