There are some constructive indications in danger property with the US greenback slipping at present and Treasury yields up 1-2 foundation factors. That tentative optimism suits with S&P 500 futures up 10 factors however it’s a pleasant departure from early Asian commerce when the chance off temper was persevering with and futures had been down an additional 60 factors, partially as a result of Delta warned on a sagging shopper.
Bitcoin fell as little as $76,667 however has rebounded to $81,500 in a constructive signal.
The principle financial spotlight on the calendar this week is tomorrow’s CPI report however at present we get JOLTS. The consensus is a slight rise in job openings to 7.63m from 7.60m. I feel dangers are skewed to the draw back with this report. If it is robust, the market may brush it apart as a result of it got here earlier than the DOGE and tariff turmoil. If it is weak, will probably be seen as an indication that the storm hit an already-softening financial system.
Except for that, the primary spotlight is a 3-year observe public sale at 1 pm ET.
As traditional, we shall be watching the White Home as effectively.
