The Market Brief
Hey team. US stock futures surged in early trading, driven by optimism over moderate tariffs and anticipation of economic data that could provide insights into the health of the economy and inflation.
Let’s see what’s ahead for the markets!
Impact Snapshot
🟥 Services/Manufacturing PMI - 9:45am
Macro Viewpoint
U.S. stock futures saw an early rally as investors seized the opportunity to buy beaten-down tech shares, buoyed by optimism that U.S. tariffs might be implemented in a more targeted manner.
In recent weeks, financial markets have experienced significant volatility, driven by concerns over a potential sharp economic slowdown in the U.S. following Trump's announcement of multiple tariffs on key trading partners.
On Friday, the major U.S. stock indexes ended slightly higher, posting weekly gains after President Trump suggested some flexibility regarding the new round of tariffs set to take effect next month.
Meanwhile, investors were keeping a close eye on a series of upcoming economic indicators, including March's business activity data, weekly jobless claims, and the Personal Consumption Expenditure (PCE) price index—widely regarded as the Federal Reserve’s preferred measure of inflation.
Wall St. Prime Intel
“Signs of recovery”. What a title for this weekend’s Substack to describe, before the fact and globex open, what the market was doing last week and is now reflected during the ON session.
Of course, you’ll probably read most traders blaming the advance exclusively on some recent catchy headline that happened during the overnight.
We don’t do that here. In this section of the Brief, we share opinions backed by data, reducing the reliance on subjective judgment.
