What’s in Today’s Report:
- What Stocks Fell Late Last Week (It Wasn’t China)
- Weekly Market Preview
- Weekly Economic Cheat Sheet (Important Reports This Week)
Futures and global markets are moderately higher following positive reports on U.S./China trade and the potential for economic stimulus in the EU.
Reuters and Axios both had positive U.S./China trade articles this morning, with Axios reporting Trump & Chinese President Xi may meet in mid-March in Florida. That’s particularly notable because it’s assumed the two leader’s won’t meet until a trade deal is effectively done. So, if the report proves to be true, there’s an end in sight which is an incremental positive.
There were also numerous reports that the ECB is considering re-introducing TLTROs (a type of cheap loan to spur economic activity) to combat slowing EU growth.
Today there are no economic reports or Fed speakers so I’d expect a generally quiet trading day unless we get surprise political (possible government shutdown Friday) or geo-political (more U.S./China trade) headlines.