Updated Risk/Reward Outlook
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What’s in Today’s Report:
- Updated Risk/Reward Outlook
Futures are modestly lower following a quiet weekend of news as investors digest last week’s Fed decision, AI news and economic data.
Atlanta Fed President Bostic stated over the weekend he only expected one rate cut in 2024, pushing back slightly on the 2024 dot (which showed three cuts).
Oil rose above $81/bbl on rising geo-political tensions as Russia attacked Ukrainian energy infrastructure.
Today there are two notable economic reports, Chicago Fed (E: -0.50) and New Home Sales (E: 675k) but they’d have to be big surprises (positively or negatively) to move markets. There are also two Fed speakers, Bostic (8:25 a.m.) and Cook (10:30 a.m.) and if they both push back on the idea of three cuts in 2024 that would slightly weigh on stocks.
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