July 11, 2023

Markets:

U.S. stock futures rose Tuesday, after the major averages snapped a three-day decline, as traders await key inflation data slated for release later in the week.

Investors are coming off a positive session for the major averages. On Monday, the Dow Jones Industrial Average gained 209.52 points, or 0.62%, while the S&P 500 advanced 0.24%. The Nasdaq Composite lagged, rising just 0.18%.

The June consumer price index report set for release Wednesday, as well as the June producer price index due out Thursday, will shed light on whether the decline in inflation has continued, and create the backdrop for future direction of interest rates.

Investors have penciled in another quarter-point increase at the Federal Reserve’s July 25-26 meeting. But they are undecided about what the central bank will do at its September meeting after last week’s continued robust jobs data raised concern that policymakers will revert to raising rates following the June pause.

Second-quarter earnings season kicks off later this week with results from “systemically important financial institutions” such as JPMorgan Chase, Wells Fargo and Citigroup, plus BlackRock, PepsiCo and Delta Air. Dow component UnitedHealth reports Friday.

U.S. Treasury yields declined on Tuesday as investors assessed what could be next for Federal Reserve monetary policy following remarks from central bank officials and ahead of key economic data.

Portfolio:

We enter the new trading session holding positions in NIO, SRAD, S, and EXEL . Queue is igniting and we look to have an active day today.  Market continues to build and most continue to refuse this move and the set-ups developing.  The next few months has monster potential and now we need to position ourselves for the moves to come.  Be ready!  Let's have a great session.