Sevens Reports - Stock Exchange

Your Guide to Fund Distribution Estimates

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What’s in Today’s Report:

  • Why It’s Important to Review Fund Distribution Estimates
  • Empire State Manufacturing Index Takeaways

Futures are in the red, but off session lows as traders digest yesterday’s selloff ahead of the release of multiple delayed economic reports and NVDA earnings in the back half of the week.

There were no notable economic reports or material market moving headlines overnight.

Today, there are multiple economic reports due to be released but only some will actually “print” due to the lingering effects from the government shutdown. They include Import Prices (E: -0.1% m/m), Industrial Production (E: -0.1%), Housing Market Index (E: 37), and Factory Orders (E: 1.4%).

Additionally, there are a couple Fed officials scheduled to speak: Barr (10:30 a.m. ET), and Barkin (11:00 a.m. ET) and more late-season earnings due to be released including: HD ($3.81), BIDU ($0.91), BRBR ($0.54), SQM ($0.68).

In order for markets to stabilize, markets will be looking for solid economic data trends, less-hawkish Fed chatter, and strong earnings numbers. Otherwise, the selling pressure could continue into the critical release of Q3 earnings from NVDA tomorrow.

 

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