Why the Next Two Weeks Are So Important For This Market
Why the Next Two Weeks Are So Important For This Market: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Why the Next Two Weeks Are So Important For This Market
- Weekly Market Preview: Magnificent Seven Earnings and Important Economic Data
- Weekly Economic Cheat Sheet: Jobs and ISM Manufacturing PMI on Friday
Futures are sharply higher following two market-positive geo-political.
In the Mid-East, the Israeli’s response to the Iranian missile attacks was smaller than expected and is viewed as a de-escalation, as oil is down 6% on falling geo-political risks.
In Japan, the ruling LDP party lost its majority in Parliament and looming political gridlock should further delay any BOJ rate hikes (Japanese stocks rose nearly 2% on the news).
Today there are no notable economic reports but as long as oil keeps dropping, the early rally should continue. Finally, earnings season continues and some reports we’ll be watching today include: ON (0.97), F (0.49), WM ($1.86).
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