Is Inflation Peaking Already? Futures are flat while overseas markets were mostly lower o/n after yesterday’s huge drop in oil weighed on risk sentiment, global data was mixed, and EU political tensions continued, today is the busiest day of the week as far as catalysts go and more.
Why The October Sell Off Was Different, valuation Update (the market is fairly valued here), futures are moderately lower, today focus will be on inflation via PPI (E: 0.2%) and it needs to remain “Goldilocks” so as to not put more downward pressure on stocks. We also have several Fed speakers (Williams (8:30 a.m. ET), Harker (8:50 a.m. ET), Quarles (9:00 a.m. ET)) although the next big Fed event will be Fed Chair Powell speaking on Tuesday and more.
Today, we get our first of two notable inflation figures this week: PPI (E: 0.2%) as well as Wholesale Trade (E: 0.8%) and there are two Fed speakers to watch: Evans over the lunch hour (12:15 p.m. ET) and Bostic after the close (6:00 p.m. ET).
Inflation Update: Futures are slightly lower, Chinese August Manufacturing PMI increased, regarding inflation. EU Core HICP slightly missed estimates, there was no new trade news overnight and more.
The Sevens Report is the daily market cheat sheet our subscribers use to keep up on markets, leading indicators, seize opportunities, avoid risks and get more assets. Get a free two-week trial with no obligation, just tell us where to send it. Reflation Update Part 2—Why This Reflation Is Different In Wednesday’s Report, we covered why[…]
The Sevens Report is the daily market cheat sheet our subscribers use to keep up on markets, leading indicators, seize opportunities, avoid risks and get more assets. Get a free two-week trial with no obligation, just tell us where to send it. Why Is the Reflation Rebound Pausing? Because It Should. Here’s Why… After surging basically[…]
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Last Week in Review Up until Friday, last week’s data looked like it was going to show “green shoots” of an economic[…]
Are We Seeing “Green Shoots” of A Global Reflation? • Chinese August CPI rose 1.8% yoy vs. (E) 1.7% yoy. • British Core CPI rose 2.7% vs. (E) 2.5% yoy. Takeaway Are there “green shoots” of inflation? I reference the Bernanke comments regarding economic growth here, because very quietly we’ve seen two better-than-expected inflation numbers[…]
The Sevens Report is everything you need to know about the markets in your inbox by 7am, in 7 minutes or less. Start your free two-week trial today and see what a difference the Sevens Report can make. We got a couple of questions from advisors yesterday about the market impact of Hurricane Harvey, so I[…]
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Last Week in Review There were only two notable economic reports last week, and neither were particularly controversial… and neither did anything[…]