What Are The GRANOLAS and Why Are They Attractive?
What Are The GRANOLAS and Why Are They Attractive? Start a free trial of The Sevens Report.
What’s in Today’s Report:
- What Are The GRANOLAS and Why Are They Attractive?
- EIA Analysis and Oil Market Update
Futures are modestly weaker following a quiet night of news as investors digest the last weeks’ gains.
Economically, Chinese exports (1.5% vs. (E) 1.3%) and imports (8.4% vs. (E) 4.7%) were stronger than expected, offering some optimism for that economy.
Tech earnings continued to be mixed as semiconductor company ARM Holdings (ARM) posted soft guidance and the stock is down 8% pre-market.
Today focus initially will be on the BOE Rate Decision, as no rate cut is expected but the BOE may signal a rate cut is coming in June. In the U.S., the only notable number is Jobless Claims (E: 212K) and there’s just one Fed speaker today (Daly at 2:00 p.m. ET) and it’ll take a significant surprise from either event to move markets.
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