Market Multiple Table: March Update
Market Multiple Table: March Update: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Market Multiple Table – March Update
- CPI Takeaways – Minimal Impact on Fed Rate Expectations
U.S. equity futures are flat as investors digest yesterday’s tech-led rally to fresh record highs in the S&P 500.
Overseas, Chinese developer Country Garden Holdings missed a yuan-denominated bond payment overnight which weighed on Asian markets.
Economically, U.K. monthly GDP and Industrial Production both largely met estimates, but Eurozone Industrial Production badly missed, falling -6.7% vs. (E) -2.7% in January.
Looking into today’s session, there are no economic reports or Fed speakers on the calendar which will leave traders focused on AI-focused names to see if the tech sector can lead stocks to new highs.
The one notable catalyst on the schedule today is a 30-Yr Treasury Bond auction at 1:00 p.m. ET. A weak outcome could send yields higher which would act as a renewed headwind on stocks while a pullback in yields would be welcomed.
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