New ETFs to Watch (Recent Releases)
What’s in Today’s Report:
- New ETFs to Watch (Recent Releases)
Futures are moderately higher following blowout Micron earnings and a further decline in oil prices.
Micron (MU) earnings and guidance were much stronger than expected (stock up 17% pre-market) and that’s helping tech and the broader market to rebound.
Oil prices dropped another 1% overnight as insurance rates for Hormuz transit plunged.
Today focus will be on economic data and the key reports are, in order or importance: Core PCE Price Index (E: 0.3% m/m, 3.4% y/y), Durable Goods (E: -4.7%) and Jobless Claims (E: 225K). The best case scenario for stocks, which would further the early rally, would be better than expected Core PCE Price Index that eases inflation/rate hike concerns and solid Durable Goods and jobless claims (signaling still solid growth).
There are also two Fed speakers today, the most important of which is Williams (3:40 p.m. ET) and if he downplays rate hike chances, that would be another positive tailwind on markets. Chicago Fed President Goolsbee also speaks but after the close (6:30 p.m. ET).
Sevens Report Quarterly Letter (*Available 7.1.26)
Most advisors agree that consistent client communication matters.
The problem is execution.
Every quarter, you’re expected to explain what happened in the markets, what it means for clients, and what comes next. But producing a professional quarterly letter from scratch can easily consume 5 to 10 hours between research, writing, formatting, and compliance review.
That’s why I created the Sevens Report Quarterly Letter.
Each quarter, subscribers receive a fully written, client-ready communication that can be reviewed, customized, and distributed in minutes.
See a recent issue and learn how the Quarterly Letter works: Sevens Report Quarterly Letter