Why Markets Are Resilient Despite Geopolitical Risks
Why Markets Are Resilient Despite Geopolitical Risks: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Why Markets Are Resilient Despite Geopolitical Risks
- Weekly Market Preview: Will Powell Signal Rate Hikes Are Over?
- Weekly Economic Cheat Sheet: Can Economic Growth Stay Strong?
Futures are slightly higher as the weekend brought no major changes to the current macroeconomic set up.
Geo-politically, an invasion of Gaza by Israel remains imminent but so far the conflict hasn’t expanded regionally and oil is little changed as a result.
Economically, inflation in India declined –0.25% vs. (E) 0.50%, reinforcing that inflation is declining globally.
Today focus will be on the October Empire Manufacturing Survey (E: -5.0) and markets will want to see “Goldilocks” data that largely meets expectations combined with declines in the price indices. We also get one Fed speaker today, Harker (10:30 a.m. ET & 4:30 p.m. ET), and one notable earnings report, SCHW ($0.75), but barring any major surprises they shouldn’t move markets.
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