Sevens Report - Daily stock market analysis

What is the “Smart Market” Telling Investors Right Now?

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What’s in Today’s Report:

  • What is the “Smart Market” Telling Investors Right Now?

Futures are modestly weaker on mixed tech earnings.

There were beats (DELL, ADSK) but also plenty of misses (CRWV, INTU) and the net result of the earnings is that they did not reduce AI disruption fears.

Economic data was mixed as Japanese Retail Sales beat estimates while Industrial Production missed.  In Germany, both the Unemployment Rate and CPI met expectations.

Today focus will be on inflation via the delayed January PPI report and expectations are as follows: 0.3% m/m, 2.8% y/y.  A better than expected number will help push back against sticky inflation fears and help support markets.

Other events today include two more economic reports, Chicago PMI (E: 52.5) and Construction Spending (E: 0.3%) and some earnings, UUUU ($-0.07), GSAT ($0.01), SQM ($0.75), but they shouldn’t move markets.

 

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