September Market Multiple Table Chart
September Market Multiple Table Chart: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- September Market Multiple Table Chart
Futures are slightly higher despite more underwhelming tech company guidance.
Adobe (ADBE) posted solid results but disappointing guidance (like many tech firms recently) and the stock is down 8% pre-market, but that’s not impacting the broader averages like other recent disappointing tech guidance.
Economically, Euro Zone Industrial Production slightly missed estimates although that’s not moving markets.
Today focus will be on inflation expectations in the University of Michigan Consumer Sentiment Index and expectations are: 1-Yr Inflation Expectations: 2.8%, 5-Yr. Inflation Expectations: 3.0%. If we see better than expected numbers, that should further fuel the “dovish” rally that pushed stocks higher on Thursday.
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