The Most Important Short-Term Market Indicator
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What’s in Today’s Report:
- The Most Important Short-Term Market Indicator
- Weekly Market Preview: Will CPI Decline Further?
- Weekly Economic Cheat Sheet: Inflation in Focus This Week (And It Needs to Keep Falling)
Futures are flat following a mostly quiet weekend as markets digest Friday’s rally and look ahead to Wednesday’s CPI.
Geo-political tensions eased slightly and that’s weighing modestly on oil prices as Iran said it would not retaliate again Israel if a cease-fire in Gaza is reached.
Economically, German Industrial Production solidly beat estimates (2.1% vs. (E) 0.3%).
Today will be a mostly quiet day as there are no notable economic reports and just one Fed speaker, Kashkari (7:00 p.m. ET), but he speaks after the close. So, digestion of Friday’s rebound and positioning ahead of Wednesday’s CPI will likely drive trading today.
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