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Hard Landing or Soft Landing?

What’s in Today’s Report:

  • Hard Landing or Soft Landing?
  • Weekly Economic Cheat Sheet:  Does Growth Stabilize?
  • Weekly Market Preview:  The Peak of Earnings Season

Futures are little changed following a mostly quiet weekend of news as markets look ahead to more earnings and economic data this week.

On Sunday the WSJ published an article on the Fed that stated the Fed will hike 25 bps at the upcoming meeting and begin discussions on when to end the rate hike cycle.  The article is being taken as dovish, but it’s not very different from current consensus thinking.

Today the focus will be on Leading Indicators (E: -0.7%) because this number flashed an intense recession warning signal last month and if there’s further deterioration that will likely weigh on stocks modestly.

On the earnings front, most of the key names this week report Tuesday – Thursday, but some results we’re watching today include:  SYF ($1.12), BKR ($0.41), and LOGI ($1.06).