How and Why The French Election Could Impact Markets
How and Why The French Election Could Impact Markets: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- How and Why The French Election Could Impact Markets
Futures are modestly higher despite more weak earnings (NKE), as last night’s debate is seen as boosting Trump’s chances to win the election.
President Biden’s performance at last night’s debate raised further concerns about his mental and physical stamina and hurt his re-election chances. The net result is markets are rallying on Trump’s improved chances to win, as markets generally prefer Republican candidates due to pro-business policies (although actual results are mixed).
Today focus shifts back to data and the key report is the Core PCE Price Index (E: 0.1% m/m, 2.6% y/y). Markets will want to see it confirm the good CPI numbers from earlier in the month (meaning at or below estimates) and if that occurs, it should extend this early rally.
There are also two Fed speakers today, Bowman (12:00 p.m. ET) and Daly (12:40 p.m. ET), but neither should move markets.
Sevens Report Q2 ’24 Quarterly Letter Coming July 1st.
The Q2 2024 Quarterly Letter will be delivered to advisor subscribers on Monday, July 1st.
We will deliver the letter on the 1st business day of the new quarter because we want you to be able to send your quarterly letter before your competition (and with little to no work from you).
You can view our Q1 ’24 Quarterly Letter here.
To learn more about the product (including price) please click this link, and if you’re interested in subscribing please email info@sevensreport.com.
Join thousands of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.