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How the Baltimore Bridge Collapse Could Impact Markets

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How the Baltimore Bridge Collapse Could Impact Markets: Start a free trial of The Sevens Report.

What’s in Today’s Report:

  • Core PCE Price Index Preview
  • How the Baltimore Bridge Collapse Could Impact Markets
  • Sevens Report Q1 ’24 Quarterly Letter Coming Monday

Futures are little changed on the final day of the quarter following a mostly quiet night of news.

Fed Governor Waller stated overnight the Fed should be in “no rush” to cut rates and while that’s being spun as hawkish, his full comments largely point to a June rate cut.

Economic data overnight, including Aussie Retail Sales, UK GDP and German Unemployment, met expectations.

Today is the final day of the quarter and the eve of a long weekend so trading should be mostly quiet, although some quarter-end book squaring could make for some low volume volatility late in the day.

Looking at the calendar, there are some notable economic reports to watch including, in order of importance:  Jobless Claims (E: 213K), Final Q4 GDP (3.2%) and Pending Home Sales (E: 1.3%) but as long as they mostly meet expectations, they shouldn’t move markets.  Additionally, the bond market will have an early close today (2:00 p.m. ET).

Sevens Report Q1 ’24 Quarterly Letter Coming April 1st.

The Q1 2024 Quarterly Letter will be delivered to advisor subscribers on Monday, April 1st.

The Q1 Sevens Report Quarterly Letter will highlight the best quarterly returns since 2019 but also address risks in the market, so clients aren’t blindsided by any sudden volatility over the next three months

We will deliver the letter on Monday, the 1st business day of the new quarter, because we want you to be able to send your quarterly letter before your competition (and with little to no work from you).

You can view our Q4 ’23 Quarterly Letter here.

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