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MOVE Index: An AI Bubble Burst Indicator to Watch

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What’s in Today’s Report:

  • MOVE Index:  An AI Bubble Burst Indicator to Watch

Futures are little changed following a mostly quiet night of news.

There were no notable geopolitical events overnight and all three conflicts (Russia/Ukraine, Iran/U.S., Saudi/Houthis) remain status quo (tensions and fighting across all three).

Economically, data in Europe ran “hot” as German PPI and the UK Labour Market Report were stronger than expected.

Today the economic calendar is quiet with Housing Starts (1.305M) and Pending Home Sales (E: 0.1%) the only notable reports (and they shouldn’t move markets).

On earnings, the season really starts to heat up today and markets will be looking for good results and optimistic guidance. Reports to watch today include: GE ($2.02), NFLX ($0.82), RTX ($1.78), ISRG ($2.13), COF ($5.45), MMM ($2.41), GM ($3.55), NOC ($7.22).