What’s in Today’s Report:
- Why The Falling Yuan Isn’t That Big of a Threat
Futures are solidly higher thanks to continued momentum following Thursday’s positive close.
Stocks were short term oversold and due for a bounce, but if there’s a “reason” behind the early rally it was a Washington Post article stating the Trump administration is getting concerned about future economic growth, which might lead to a trade deal.
There were no notable economic reports overnight.
Today the calendar is more quiet as we only have two economic reports, Housing Starts (E: 1.260M) and Consumer Sentiment (E: 97.5). But, the Huawei waiver deadline is Monday the 19th so if there are going to be waivers given, it could happen literally at any minute (generous waivers will supercharge today’s early rally if they come).