What’s in Today’s Report:
- Updated Market Outlook: What’s the Next Positive Catalyst?
- Weekly Economic Cheat Sheet: Jobs Report Friday
Futures are sharply lower on unrest in China as protests erupted across the country following more COVID restrictions.
Over the weekend Chinese citizens protested in numerous cities following new COVID restrictions, as the Chinese government sticks to it’s “Zero COVID” policy.
Economically the only notable number was EU M3 (money suppled) and that rose 5.8% vs. (E) 6.1%.
Today there are no notable economic reports but there are two Fed speakers, Bullard (12:00 p.m. ET) and Williams (12:00 p.m. ET). Bullard especially has produced some “tape bombs” with his commentary on rates and if he’s again hawkish (talking about 7% Fed Funds) expect that to add to the early losses.