US Morning Briefing 18th of July 2019

Netflix weakness, trade deal uncertainty keep steam out of futures market The S&P 500 futures trade four points, or 0.2%, below fair value, pressured by a disappointing report from Netflix (NFLX 321.30, -41.14, -11.4%) and lingering uncertainty about U.S.-China trade progress.  Shares of Netflix have dropped 11% in pre-market action after second quarter net subscriber additions came in […]

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US Morning Briefing 17th of July 2019

Lots of earnings reports, but little movement The S&P 500 futures trade roughly in-line with fair value, as mostly positive earnings results have yet to generate much buying interest. The stock market, though, remains near record highs as it appears to be waiting for the big tech companies to report and for further guidance on […]

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US Morning Prep16th of July 2019

Morning Briefing – Holding bullish ground with financials reporting After the major averages set new record closes yesterday, U.S. equity futures are little changed amid mixed responses to earnings reports. The S&P 500 futures trade two points, or 0.1%, above fair value.  Financial Dow components JPMorgan Chase (JPM 113.00, -0.90, -0.8%) and Goldman Sachs (GS 213.35, +1.77, +0.8%) both beat […]

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US Morning Briefing for the 9th of July 2019

Morning Briefing – Stock market remains in downward drift The S&P 500 futures trade 11 points, or 0.4%, below fair value in a continuation of yesterday’s decline. Today, investors will pay heed to the round of Fed officials scheduled to speak throughout the session.  Fed Chair Powell will kick off the Fedspeak when he delivers […]

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US Morning Briefing July 1st 2019

U.S.-China trade truce to drive opening rally effort U.S. equity futures hold solid pre-market gains with futures on the S&P 500 trading 32 points above fair value. The upbeat showing follows the past weekend’s G-20 Summit in Osaka, during which President Trump met with China’s President Xi. President Trump agreed to lift the ban on […]

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Weekly Fundamental Prep and Weekend Review KW27-2019

Stocks rallied while bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading investors to pare back wagers on aggressive policy easing by the major central banks.  The dollar gained on the safe-haven yen as Treasury yields jumped and futures reined in bets for […]

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Morning Briefing for the 28th of June 2019

Should be a positive day into quarter end The S&P 500 futures trade eight points, or 0.3%, above fair value on the final trading day of the second quarter and as investors prepare for President Trump’s meeting with President Xi at the G-20 summit in Japan. That meeting will take place tonight at 10:30 p.m. […]

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US Morning Briefing 27th of June 2019

U.S. equity futures are mixed, as investors weigh conflicting trade headlines out of the U.S. and China while also assessing the latest 737 MAX update from Boeing (BA 365.60, -9.34, -2.5%). The S&P 500 futures trade three points, or 0.1%, above fair value.  Sources from The South China Morning Post indicated on Thursday that a tentative trade truce has already […]

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Morning Briefing 26th June 2019

Sentiment boosted by recycled trade deal view The S&P 500 futures trade 13 points, or 0.4%, above fair value, supported by lingering trade optimism and a rebound in the technology stocks.  Treasury Secretary Steven Mnuchin appeared on CNBC this morning, striking an optimistic tone regarding a U.S.-China trade deal. He reiterated prior comments that the U.S. was […]

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Weekly Fundamental Prep KW11-2019

Next week the US will be publishing inflation rate, the preliminary reading of Michigan consumer sentiment, retail sales, industrial production, durable goods orders, new home sales, producer prices, and NY Empire State Manufacturing Index. Elsewhere, important releases include: UK monthly GDP, industrial output and foreign trade; Eurozone industrial activity and final inflation rate; Germany trade […]

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