New ETFs for Your Watchlist
What’s in Today’s Report:
- The Market’s Perspective on Peace Efforts in Ukraine
- New ETFs for Your Watchlist
Futures are slightly lower amid a “sell-the-news” reaction to the lack of a ceasefire deal between Russia and Ukraine after President Trump’s meetings with Putin and Zelensky.
There were no notable economic reports overnight leaving investors focused on geopolitics and retailer earnings.
Today, there is one noteworthy economic report to watch: Housing Starts (1.290M), and following yesterday’s soft Housing Market Index release, a soft number could weigh further on currently fragile, albeit still resilient, investor sentiment towards the economy.
Additionally, there is a 6-Week Treasury Bill auction at 11:30 a.m. ET that could shed light on conviction for a September Fed rate cut (the stronger the demand for the Bills, the better) while one Fed official is scheduled to speak in the afternoon: Bowman (2:10 p.m. ET).
Finally, earnings season continues to wind down but there are some important retailer/consumer earnings this week with notables reporting today to include: HD ($4.71), MDT ($1.23), TOL ($3.59), SQM ($0.52). It will be important for earnings to continue to show consumer spending trends remain resilient, otherwise economic worries could weigh on markets this week.
