What’s in Today’s Report:
- New Sevens Report Coronavirus Growth Rate Tracker (We Made an Important Change)
Futures are slightly higher as markets digest Thursday’s afternoon rally following a quiet night of news.
Coronavirus trends continued to deteriorate as the U.S. set a new daily high for new coronavirus infections (40,184).
But, no additional companies announced plans to slow re-openings, so the market is looking past the spike in cases for now.
There was no notable economic data out overnight.
Today there are two economic reports, Core PCE Price Index (E: 0.1%) and Consumer Sentiment (E: 78.9), but neither should move markets. Instead, focus will remain on the coronavirus and as long as there aren’t any major corporations announcing a delay in re-opening plans, markets will continue to look past the surging coronavirus infections.