What’s Changed Since October: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- What’s Changed Since October (And Is It Worth A 25% Rally?)
- Weekly Market Preview: Can Data and News Stay Platinumlocks?
- Weekly Economic Cheat Sheet: An Important Week for Inflation.
Futures are little changed following a generally quiet weekend of news.
Geopolitically, news was mixed over the weekend. Positively, progress was made in negotiating a Israel/Hamas cease fire and there is hope an agreement can be reached this week. Negatively, chances of a U.S. government shutdown on March 1st (this Friday) are rising.
There were no notable economic reports overnight.
This will be a busy week of important economic data, earnings and political news (possible government shutdown on Friday) but it starts slowly as the only notable economic report today is New Home Sales (E: 685k) and there is just one Fed speaker, Schmid at 7:40 p.m. ET. So, focus will remain on the political headlines today and if shutdown chances increase, look for mild pressure on stocks.
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