What’s in Today’s Report:
- What’s Next For Markets
- Weekly Market Preview (Key earnings this week)
- Weekly Economic Cheat Sheet (Important Growth Updates Wed/Thurs)
Futures are modestly lower following a quiet weekend as civil unrest in Hong Kong weighed on investor sentiment.
Protests in Hong Kong, which have been ongoing for weeks, intensified over the weekend as all flights out of Hong Kong have been canceled. The turmoil is just adding to general geopolitical concerns and that’s pushing bond yields lower, which is why stock futures are down. The 10 year Treasury yield broke below 1.70% this morning and is trading as of this writing at 1.68%.
Economic data was sparse over the weekend and there was no new news on U.S./China trade. The next event in this drama is whether the September trade talks still occur (for now the answer is “yes” but that could change at any minute and if it does, stocks will drop).
Today the calendar is quiet as there are no economic reports and no Fed speakers, but any China related headlines will move markets.