Market Multiple Table: Chart
Market Multiple Table: Chart: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Market Multiple Table Chart (Scenario Targets Compress)
- The Most Important Financial Asset in the World (Right Now)
Futures are slightly lower following a generally quiet night of news as markets digest Wednesday’s failed rally.
Japan remains at the center of global markets and the “Summary of Opinions” (think of it as the BOJ minutes) showed officials discussed further rate hikes but also that the BOJ is, for now, on hold (and that’s a mild positive).
Geopolitically, tensions between Israel and Iran/Hezbollah remain elevated and a retaliation is expected any day.
Today focus will be on Weekly Jobless Claims (E: 240K) and a better-than-expected number (so under 240k) will help incrementally ease slowdown fears. Conversely, if claims jump above 250k, expect recession worries to rise further and stocks to react accordingly (lower).
There is also one Fed speaker, Barkin at 3:00 p.m. ET, but he shouldn’t move markets.
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