Growth and Volatility
“Growth Pillar” Remains Solid, but Volatility Not Necessarily Over, US stock futures are little changed this morning, on the charts, 2705 will be a key support level to watch in the S&P today, looking into today’s session, there is one economic report to watch in the US: ISM Non-Manufacturing Index (E: 59.4) and there are two Fed speakers: Williams ahead of the bell (8:30 a.m. ET), and Kaplan later this evening (7:30 p.m. ET). and more.
Rebound Update
Rebound Update, futures are decidedly higher this morning after Chinese shares led global equities higher overnight thanks to continued optimism about a US-China trade deal, once earnings and economic data are digested, focus will likely return to momentum, technicals, and any incremental news on trade and more.
Jobs Report Preview
Jobs Report Preview, futures are modestly higher on continued momentum from the Wednesday rally, AAPL reports today but after the bell, so the focus of the regular session today will be on economic data and more.
Sevens Report’s Tom Essaye quoted in MarketWatch on October 31, 2018
Tom Essaye, president of the Sevens Report, wrote in a note to clients that recent gains show that the “shock of last week’s earnings disappointment is behind us,” and that investors are realizing the market is undersold.
Was Yesterday an “All Clear?”
Dusting Off An Old Leading Indicator for Recessions. Today focus will remain on earnings. GM ($1.26) is the highlight but if the broad number of results are “ok” that should continue to help sentiment, Futures are extending Tuesday’s rally thanks to decent overnight earnings and despite universally disappointing economic data and more.
Valuation Update: Good, Bad, and Ugly
Valuation Update: Good/Bad/Ugly Scenario Analysis, futures are slightly higher this morning and Asian stocks traded relatively well overnight, for the S&P to gain material upside momentum, we will need to see a strong run to and through 2700 and then for that area to hold, otherwise an early gain followed by a pullback (like yesterday) will be more likely and the path of least resistance still lower for the very near term 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