Insight from a Wall Street Legend
What’s in Today’s Report:
- Insight from a Wall Street Legend
- Another Tipping Point for the Yield Curve
International markets were mixed overnight and stock futures are slightly lower as investors digest Chinese trade data and look ahead to the start of earnings season.
Final Chinese trade data from 2019 revealed a rise of just 0.5% in exports while imports dropped 2.8% on the year versus double digit gains in each in 2018. The trade figures underscore the detrimental effects of the trade war on the Chinese and broader global economies.
Looking into today’s session, focus will be on the unofficial start to earnings season as several major corporations are due to report, including three big banks: JPM ($2.32), DAL ($1.40), C ($1.82), and WFC ($1.12).
Beyond earnings, there is one key economic report to watch: CPI (E: 0.3%), while two Fed officials are scheduled to speak: Williams (9:00 a.m. ET) and George (E: 1:00 p.m. ET).