Investor Sentiment Update (Not as Bullish as One Would Think)
What’s in Today’s Report:
- Sentiment Update: Not Nearly as Bullish as One Would Think
- Case-Shiller Home Price Index – An Upside Surprise
- December FOMC Meeting Takeaways
U.S. futures are lower along with global markets after a mostly quiet night of news as the solid 2025 stock market advance continues to be digested into year-end.
Economically, China’s CFLP Composite PMI rose to 50.2 in December from 49.5 in November vs. (E) 49.7 but the strong data print failed to generate any market enthusiasm overnight.
Today, there is one final noteworthy economic report before the end of the year: Jobless Claims (E: 218K) and investors will be looking for a Goldilocks print to shore up soft-landing expectations.
Additionally, the Treasury will hold auctions for 4-Week, 8-Week and 4-Month Bills at 11:30 a.m. ET and markets will want to see healthy demand to support dovish Fed policy expectations for 2026.
Finally, there are no Fed speakers today and the bond market will close early (2:00 p.m. ET) ahead of the New Years Holiday as markets cap off another solid year of stock market returns.