Good Morning Traders!
Today's session rounds out the week with several meaningful data points that could drive late week positioning. Apple reported earnings yesterday, posting a solid beat with stronger than expected iPhone demand and improved revenue out of Greater China, which helped support broader market sentiment. At the same time, political headlines are in focus after President Trump nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair, adding another layer of uncertainty for markets to digest.
On the data front, the Canada GDP for November alongside US Producer Price Index readings, including headline PPI and core measures will help shape expectations around inflation trends following recent CPI data. At 9:45 AM ET, the MNI Chicago PMI for January will provide insight into regional manufacturing activity.
Later in the day, at 12:30 PM ET, St. Louis Fed President Alberto Musalem will speak on the economy and monetary policy at the University of Arkansas Business Forecast Luncheon. With earnings reactions, political developments, and inflation data all converging, expect volatility to remain elevated into the close.
Now, we will discuss SPY, QQQ,...
- Log in to post comments
Link