The Value of International Investing Revisited
What’s in Today’s Report:
- An Interesting Table to Show Clients: The Value of International Diversification
- Don’t Dismiss Tax-Loss Harvesting This Year
Stock futures are mildly lower as year-end profit taking continues while global equity markets were little changed overnight amid mostly quiet financial market news wires.
Economically, South Korean data was positive as Industrial Production steadied and Retail Sales beat estimates.
Looking into today’s session there are a handful of “second-tiered” economic reports including the Chicago PMI (E: 39.5), the Case-Shiller Home Price Index (E: 1.1%), and the FHFA House Price Index (E: 0.1%) but none are likely to materially move markets.
There is a 6-Week Treasury Bill auction at 11:30 a.m. ET. Yesterday’s short-duration Treasury auctions saw yields come off their intraday lows which appeared to weigh on stocks modestly, a dynamic that could repeat itself today.
Finally, there are no Fed speakers today, however, the December FOMC meeting minutes will be released at 2:00 p.m. ET which will likely be the most widely-followed catalyst of the day as traders assess still uncertain Fed policy rate expectations for 2026.
