Olympic Style Ideas (Finding A Common Topic With Clients)
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What’s in Today’s Report:
- Olympic Style Ideas (Finding A Common Topic With Clients)
Futures are little changed following a night of mixed earnings as NFLX results were in-line while industrial PPG warned of a difficult macro-economic environment.
Economically, the only notable report was UK Retail Sales and they were worse than expected (-1.2% vs. (E) -0.4%) and that will push back slightly against the growing idea that the BOE won’t cut rates in September.
Today there are no notable economic reports, but we do get two Fed speakers, Williams (10:40 a.m. ET) and Bostic (12:45 p.m.). Of the two, Williams is more important because he’s part of Fed leadership and if he again points towards a September rate cut (by saying the Fed is close to cutting rates) that should help boost stocks.
Earnings, meanwhile, continue to roll on and results so far are mixed. Important reports today include AXP ($3.22), SLB ($0.83) and TRV ($2.35).
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