What’s in Today’s Report:
- Politics and Markets (An Important Week)
- Weekly Market Preview: Can the Rebound Continue?
- Weekly Economic Cheat Sheet: Important Growth and Inflation Data on Friday
Futures are slightly higher following a quiet weekend as the market’s focus turns to politics this week.
Democrats must pass a “Continuing Resolution” by Thursday to avoid a government shutdown, and while markets expect it will pass, there was little actual progress on that front over the past several days.
Economic data was sparse overnight and isn’t moving markets.
Today we get Durable Goods (E: 0.6%) and there are two Fed speakers, Evans at 8:00 a.m. ET and Williams at 9:00 a.m. ET & 12:00 p.m. ET, but really the market’s focus will be on Washington. Despite the lack of progress from Democrats so far on passing a “Continuing Resolution” to fund the government before the deadline on Thursday night, markets fully expect that “CR” will pass by then. But, if it becomes apparent it not might not pass by then, that will cause more stock market volatility.