data disappoint

Should We Really Be Worried About Banks/Credit?

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What’s in Today’s Report:

  • Should We Really Be Worried About Banks/Credit?
  • Weekly Market Preview:  Focus Shifts to Earnings (And Tech Earnings Need to Be Strong)
  • Weekly Economic Cheat Sheet:  Flash PMIs on Friday the Key Report

Futures are modestly higher on China optimism and as investors look ahead to an important week of earnings.

Chinese GDP beat estimates (1.1% vs. (E) 0.8%) implying that global growth is stable, while a meeting between Treasury Secretary Bessent and Chinese Vice Premier Lifeng on Friday could lower U.S./China trade tensions.

Politically, there was no substantive progress towards ending the shutdown over the weekend.

Today there is only one economic reading, Leading Indicators (E: 0.01%) but it shouldn’t move markets.

Turning to earnings, there are two notable reports today, CLF ($-0.48) and CCK ($1.98), but the key reports come later this week (NLFX, TSLA and INTC all report this week among other notables).

 

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