Index futures, the overnight tape, and the calendar that matters today.
Read the transcript
This is the CAMS Morning Market Brief for Tuesday, August eleventh.
Index futures are leaning slightly higher into the open. S&P futures are up about a tenth of a percent, Nasdaq futures up three tenths, Dow futures flat, and Russell futures up a tenth.
That follows a quiet, mildly lower Monday. The S&P 500 finished a hair under the flat line, the Dow eased about a tenth of a percent, the Nasdaq 100 gave back three tenths, and small caps were the soft spot, the Russell 2000 down about half a percent.
Underneath, the day was anything but even. Five sectors closed higher and six lower, but the spread between them was enormous. Energy was the runaway leader, up more than four and a half percent. Health care added better than one and a half percent. On the other end, the rate-sensitive corners took the damage: real estate down about one and three tenths of a percent, utilities off about one and one tenth, technology down nine tenths.
Volatility barely moved. The VIX sits around fifteen and a half, which is a calm reading heading into a loud week.
That is what the market is waking up to. Tomorrow morning at eight thirty Eastern brings the consumer price index, headline and core. Producer prices and jobless claims land Thursday, retail sales and consumer sentiment Friday. Overnight, Australia's central bank delivered its rate decision and policy statement.
CAMS publishes impersonal market research — nothing here is individualized investment advice. The full written research is at curve ahead market strategies dot com.
Publisher Disclosure.
Curve Ahead Market Strategies publishes an impersonal business and financial publication of general and regular circulation.
The content is identical for all subscribers and is not tailored to any person’s portfolio, investment objectives,
risk tolerance, tax status, liquidity needs, or other circumstances. We do not provide individualized investment advice
through email, chat, customer support, social media, or any other channel. Any discussion of a security reflects the
publisher’s editorial views only and is not a request, instruction, or recommendation that any reader buy, sell,
hold, or use any specific investment strategy.
Conflicts & Compensation.
Principals, employees, or affiliates of the publisher may hold positions in securities discussed in this publication. Under the publisher’s personal-trading policy, principals do not trade a covered security from two trading days before through two trading days after the publisher posts coverage of that security, and where a principal holds a position in a security discussed, the publication states so.
Neither the publisher nor its principals, employees, or affiliates received compensation from any issuer, underwriter,
or dealer in connection with this publication. If any such compensation ever exists, the publication will clearly
disclose its source, amount, type, and timing.
Risk.
Investing involves risk, including possible loss of principal. Markets change; nothing described here is a prediction
or guarantee of any outcome.