Trade hopes lifting stocks. Stocks opened higher this morning after U.S. Treasury Secretary Steven Mnuchin characterized the U.S.-China deal as having been 90% completed. Consensus expects enough progress to at least delay the next round of tariffs, though we expect meaningful progress may take several more months. Reports that U.S. technology companies have resumed shipments to Huawei after finding sanction work-arounds are also helping sentiment.
Midyear Outlook 2019 Focus: Policy. Policy gets a lot of real estate in our just-released Midyear Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the Markets. It’s no coincidence policy is chapter one because it’s such a big part of the economic and market outlook for the second half of this year. For more on our policy insights, see today’s LPL Research blog, featuring content from the just-released Midyear Outlook publication.
- Durable Goods Orders (Preliminary, May)
- China Industrial Profits (May)
- GDP Report (Third Revision, Q1)
- Initial Jobless Claims (June 22)
- Pending Home Sales (May)
- Eurozone Economic Confidence Index (June)
- Japan Jobless Rate (May)
- Japan Industrial Production (Preliminary, May)
- Personal Income (May)
- Core PCE (May)
- University of Michigan Sentiment Index (June)
- UK GDP Report (Q1)
- Eurozone CPI Report (Preliminary, June)
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