Is the Silver Rally Sustainable?
What’s in Today’s Report:
- Is the Silver Rally Sustainable?
- ISM Manufacturing PMI takeaways
Stock futures are solidly higher this morning as the rebound from last week’s declines continues amid renewed stimulus optimism and positioning into key earnings.
Moderate Senate Republicans presented President Biden with a $600B+ stimulus package yesterday raising hopes for a bipartisan deal sooner than previously expected.
Today, there is only one economic report due out this morning: Motor Vehicle Sales (16.2M), and two Fed speakers are scheduled for the early afternoon: Williams (2:00 p.m. ET), Mester (2:00 p.m. ET).
That will leave investor focus on any new stimulus developments out of Washington and another busy earnings release schedule today
Notable companies releasing their Q4 results today include: UPS ($2.10), BABA ($3.22), PFE ($0.45), and XOM ($0.01) before the open and AMZN ($7.05), GOOGL ($15.89), and CMG ($3.71) after the close.
