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What the Fed Dissents Mean for Markets (Identifying the Biggest Macro Risk)

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What’s in Today’s Report:

  • What the Fed Dissents Mean for Markets (Identifying the Biggest Macro Risk)

Futures are slightly higher despite mixed mega-cap tech earnings and negative headlines on Iran.

Mega-cap tech earnings aren’t moving markets as they were mixed and largely offset one another.

On Iran, reports continue to surface about an extended blockade of the Strait and that is boosting oil prices.

Today will be another busy day of economic data and earnings.  On the data front, the key report is the Core PCE Price Index (E: 0.3% m/m, 3.2% y/y) and given growing concerns about higher rates, this number needs to meet expectations.   Important growth metrics today include Advanced Q1 GDP (E: 2.1%) and Jobless Claims (E: 212K).

On earnings, it’s another important day and four reports we’re especially watching are: AAPL ($1.92), SNDK ($13.66), CAT ($4.55) and MA ($4.40) as they will give us insight into the state of AI and consumer/business spending.  As has been the case, the stronger the results, the better.

 

Sevens Report Alpha: How to Find Value When the Market Looks Fully Priced

In our latest Sevens Report Alpha issue, released Tuesday, we tackled a challenge many advisors face right now: helping clients see opportunity when major indexes are sitting at all-time highs. The report offers a framework for doing exactly that, including several underappreciated areas of the market we believe deserve a closer look.

This is not about chasing what has already worked. It is about identifying areas that may still offer attractive risk/reward and using that as a practical way to discuss opportunity with clients even in a market that feels expensive on the surface.

Learn more and start a risk-free Alpha trial: Sevens Report Alpha 

 

Another “Run Hot” Policy (Weaker Dollar)

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What’s in Today’s Report:

  • Another “Run Hot” Policy (Weaker Dollar)
  • What the Fed Decision Means for Markets

Futures are modestly higher on better than expected mega-cap tech earnings and reduced shutdown risks.

Big tech earnings weren’t perfect but, on balance, were positive as META (up 10% pre-open) and TSLA (up 2% pre-open) beat while MSFT (down 7% pre-open) disappointed.

Shutdown risks fell on reports that President Trump and Senate Minority leader Schumer were close to a deal to extend government funding.

Focus today will be on Jobless Claims (E: 205K) and another round of important earnings.

Potentially market moving reports today include:  AAPL ($2.65), V ($3.14), MA ($4.20), SNDK ($3.31), CAT ($4.67), LMT ($6.24) and BX ($1.52).