New ETFs for Your Watchlist (April Launches)
What’s in Today’s Report:
- New ETFs for Your Watchlist (April Launches)
Futures are modestly higher on strong CSCO earnings and optimism surrounding the ongoing U.S.-China summit.
U.S. and China officials continued talks overnight while Xi reportedly expressed interest in buying more U.S. oil and both countries agreed Iran cannot obtain a nuclear weapon. Oil is rising amid reports of a vessel seized near the Strait of Hormuz.
Economically, UK monthly GDP missed estimates (-0.1% vs. (E) 0.3%) but that’s not moving markets.
Today focus will be on Retail Sales (E: -0.5%) and Jobless Claims (E: 208K). Markets will want stable consumer data following recent mixed economic reports.
Beyond the data, several Fed officials speak today including Schmid (10:15 a.m. ET), Hammack (1:00 p.m. ET), Williams (5:45 p.m. ET), and Barr (7:00 p.m. ET). Earnings today include AMAT ($2.68), and markets will also continue to monitor developments from the U.S.-China summit and oil prices.
Sevens Report Technicals – Q2 Rally – Trust But Verify
Markets continue to hit new highs, but beneath the surface the technical backdrop is becoming more fragmented and harder to navigate. That’s the focus of this week’s Sevens Report Technicals.
In the latest issue, we break down key divergences across indices, sectors, yields, commodities, the dollar, and market internals—helping advisors understand what’s really driving this rally and where risks may be building.
For a clearer read on market leadership and the technical signals that will determine what comes next, learn more here: Sevens Report Technicals