The Market Brief
Hey team. U.S. futures edged slightly higher during early trading as the trade optimism lifted sentiment with investors now focused on the outcome of the weekend trade talks between China and the US.
Let’s re-cap yesterday’s session and see what’s next!
Macro Viewpoint
U.S. equities jolted higher yesterday after Trump announced a trade deal with the UK, while noting that if China talks go well, tariffs could be lowered.
Weekly jobless claims were uneventful, so we continue to await any erosion in the 'hard data.'
Hard data is likely to stay elevated for as much as another two months, as the impact of forward buying (by consumers and companies) ahead of tariffs continues to affect the data being reported today.
Wall St. Prime Intel
If you're bearish, you're consensus… it doesn't mean you're wrong, but you are in the majority. The AAII survey has been published every week since 1987.
In the history of this survey, investors have never been this consistently bearish… for 11 straight weeks, over 50% of respondents have been negative on the market.
If everyone is so bearish, WHO is buying this market?
We answer that question in today’s prime intelligence. 👇👇
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