The China Developments May Knock Your SOX Off: Taking Stock
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Macro is on the mind following weaker China data over the weekend and the continued spat over the Huawei CFO’s arrest showing no signs of abating. Asian markets fell early though pared some of those losses as the session wore on, likely cushioning some of the impact across Europe and into the S&P futures. Despite signals over the weekend, frankly could be a lot worse considering the less than 10 handles.
As mentioned last week, you may be left wanting for major catalysts today, as with the exception of CPI and PPI figures on the data front Tuesday and Wednesday, equities will likely be taking their cues from trade diplomacy among a dearth of earnings.