What’s in Today’s Report:
- Why Have Markets Become Volatile?
- Weekly Market Preview: Are the Three Pillars of the Rally Under Attack?
- Weekly Economic Cheat Sheet: Key Growth and Jobs Data This Week
Futures are slightly higher following more small stimulus steps from Chinese authorities, as investors look ahead to an important week of economic data.
Chinese authorities reduced the stamp tax on stock investment, providing a small economic tailwind and boost to Chinese stock prices.
Economically, the only notable number was the EU Money Supply (M3) and the number was bad as M3 declined –0.4% vs. (E) 0.6%.
Today there are no notable economic reports so markets will focus on the tech sector to see if it can continue to stabilize after last Thursday’s ugly reversal.