What’s in Today’s Report:
- Is a Blue Wave Really Good for Stocks?
Futures are moderately higher again on momentum from the previous day’s rally, as it was another quiet night of news.
Economic data overnight was disappointing, as the Chinese Composite PMI missed estimates (54.5 vs. (E) 55.0), as did Japanese Household Spending and UK IP.
Politically, nothing changed overnight, as no stimulus is expected until after the election.
Today there are no notable economic reports and only one Fed speaker, Barkin at 9:00 a.m. ET, so stimulus headlines will likely drive trading, as they have all week.