The Market Brief
Hey team. After a “muted” session yesterday, we are now ranging within a 3-day balance, awaiting additional information before beginning the next directional auction.
Let’s dive into the previous session, how we established yesterday’s context, and what’s coming next!
Impact Snapshot
🟥 Consumer Confidence - 10:00am
Macro Viewpoint
European stocks and U.S. equity futures rose as a series of stimulus measures from China, designed to bolster economic growth, fueled investor demand for riskier assets.
The Fed's key action last week propelled major indexes to monthly gains, defying September's typical reputation as a weak month for equities.
On Monday, comments from three Federal Reserve bank presidents took center stage as investors sought insights into the central bank's decision to begin its easing cycle with a larger-than-expected 50 basis-point cut.
Although traders have welcomed the substantial rate reduction, the market is likely to face increased volatility in the weeks ahead.
On the economic data front, the Conference Board’s consumer confidence reading for September due will be the key focus for the session.
Check out yesterday’s textbook read on X that we’ve shared with our Subscribers