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The markets are facing some formidable headline risk right now… The FOMC will make a decision on rates (Europe and Canada have already cut) – and Jerome Powell will speak after the minutes are released.
That alone would be enough to make anyone think twice, but to top it off, we’re getting some very important inflation data tomorrow.
But under the surface, the environment looks… not half bad. There’s a lot here for the bulls to work with.
Tech and communications stocks continue to outperform and there’s not much headwind blowing there. Apple is heading to new all-time highs despite lukewarm reception of its AI initiatives and, one of our top plays right now, Crowdstrike, just got a spot on the venerable S&P 500.
Here’s what you need to know before the market opens – to all that headline risk – tomorrow morning…
