What Can Stabilize Tech? Three Events to Watch
What’s in Today’s Report:
- What Can Stabilize Tech? Three Events to Watch
- Weekly Market Preview: AI Still in Focus (CRWV Earnings and Anthropic IPO Progress)
- Weekly Economic Cheat Sheet: Inflation in Focus (CPI Tomorrow the Key Report)
Futures are higher as oil prices dropped on comments from President Trump that further reduced expectations for a resumption of attacks on Iran.
Oil prices are down 3% on Trump comments to CNN that he’s “very unlikely” to resume large scale attacks on Iran.
The AI/tech sector got more dramatic over the weekend as NVDA CEO Jensen Huang admitted to having an affair with an apparent Chinese spy. NVDA is down 5% pre-market although the rest of tech is holding up, so far.
Today all eyes will remain on the tech sector/AI names for signs of continued stabilization. Away from tech, economically this week is focused on inflation and that starts today with the New York Fed 1-Year Inflation Expectations (E: 3.9%) and the lower they are, the better.
Turning to the Fed, there are three speakers today: Goolsbee (10:00 a.m. ET), Bowman & Barkin (12:15 p.m. ET) but they shouldn’t move markets.
