Why Markets Continue to Ignore Macro Risks
What’s in Today’s Report:
- Why Markets Continue to Ignore Macro Risks
- Weekly Market Preview: Focus Turns to Earnings (Including Major Tech Names)
- Weekly Economic Cheat Sheet: Flash PMIs Thursday is the Big Report This Week
Futures are modestly higher mostly on momentum following a generally quiet weekend of news.
There were no notable trade headlines over the weekend and markets are still awaiting any progress on trade deals with the EU, India and Japan.
Economically, there were no notable international reports overnight.
Today there is only one economic report, Leading Indicators (E: -0.2%), and it shouldn’t move markets.
Instead, focus today and this week will be on earnings and specifically the commentary from CEOs on the consumer and economy. Some reports we’re watching today include: NXPI ($2.29), VZ ($1.18), DPZ ($3.93), CLF ($-0.67), CCK ($1.86).
