For the economy today there is the Producer Price Index announcement at 8:30AM
EST and the Consumer Sentiment consensus at 9:55AM EST. The PPI fell in April
and May, 0.2% and 0.1% respectively and is expected to continue that trend. The
consumer sentiment consensus is supposedly to yield a decline as well.
Turning to the stock market, the S&P 500 is down once again at the open at 0.50%.
Today though, 10-year treasuries are up 0.27% and so is oil at 0.88%. The dollar
joins that uptrend with an increase of 0.002 points.
On the brighter side, there is hope for the S&P 500, today China announced that
its growth has slowed to 7.6%, the same as analysts’ expectations. This confirmation of the state of China caused futures to rise as everyone was
assured that the situation was not worse than it seemed. Now that the stock futures
are rising, hopefully the S&P 500 will bounce back as well.
Make sure to join us for our FREE webinar this Sunday sponsored by Lido Isle and
follow us on Twitter @keeneonmarket!