What Could Interrupt This Rally?
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What’s in Today’s Report:
- What Could Interrupt This Rally?
- Weekly Market Preview: Can Inflation and Growth Data Push Stocks Even Higher?
- Weekly Economic Preview: CPI Tomorrow, Key Growth Readings Thursday.
Futures are little changed following a mostly quiet weekend of news, although geo-political risks continued to creep higher over the weekend.
Israel is reportedly planning a ground offensive into the southern Palestinian province of Rafah and that’s met with pushback from numerous nations in the region and risks to further reduce any chances for a cease fire.
Today trading should be mostly quiet as the majority of Asian markets are closed for a holiday, but focus will be on the NY Fed Consumer Inflation Expectations (E: 3.00%) and any number below expectations will support Fed rate cut expectations (and support stocks). We also have three Fed speakers today, Bowman (9:20 a.m. ET), Barkin (12:00 p.m. ET) and Kashkari (1:00 p.m. ET) but they shouldn’t move markets.
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