A Disconcerting ERP Update
Equity Risk Premium: A Disconcerting Statistic, futures are bouncing modestly after yesterday’s steep equity selloff, most of the more notable catalysts this week will come tomorrow (U.S. CPI, Chinese economic data, Powell speaks, earnings, etc.) but that doesn’t mean that downward momentum that began yesterday can’t continue so support in the S&P between 2705 and 2720 will be important to watch today and more.
Four Keys to a Bottom Updated
Four Keys to a Market Bottom Updated, futures are slightly lower, today should be a generally quiet day given 1) the Veteran’s Day holiday (banks and bond markets are closed), and 2) There are no notable economic reports or earnings today, so, our focus today will be on the dollar, which is now at fresh 2018 highs. If it continues to grind higher that will likely pressure stocks today (a suddenly stronger dollar is not what this market needs right now) and more.
Why the October Sell Off Was Different
Why The October Sell Off Was Different, valuation Update (the market is fairly valued here), futures are moderately lower, today focus will be on inflation via PPI (E: 0.2%) and it needs to remain “Goldilocks” so as to not put more downward pressure on stocks. We also have several Fed speakers (Williams (8:30 a.m. ET), Harker (8:50 a.m. ET), Quarles (9:00 a.m. ET)) although the next big Fed event will be Fed Chair Powell speaking on Tuesday and more.
Election Takeaways & FOMC Preview
Election Takeaways (Short and Longer Term Implications), today focus will be on the FOMC Decision (2:00 p.m. EST, E: No Change to Rates) and the key will be whether the Fed mentions recent stock market volatility. If they do, that will be taken as a slightly dovish shift, and it likely will help extend today’s early rally, as was widely expected, Democrats gained a small majority in the House of Representatives, while the Republicans expanded their majority in the Senate and more.
Sevens Report’s Tyler Richey quoted in Wall Street Journal on November 1, 2018
Sevens Report’s Tyler Richey quoted in Wall Street Journal on November 1, 2018.
Trade War Indicator
Today, trader focus is going to primarily be on the mid-term elections although results will not come in until after the close, a realtime trade-war indicator to watch, futures are slightly lower with EU markets this morning on renewed political tensions despite upbeat economic data o/n while US focus turns ahead to the mid-terms and more
Five Important Events to Watch As We Start 2025
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Five Important Events to Watch As We Start 2025