What do higher yields, cooling inflation, and strong economic growth mean for markets? Plus, Eric Liu explains his firm's work on investor positioning.
Oil prices moved higher Thursday after Chinese refiners reportedly suspended refined-product exports for October to bolster domestic inventories, while renewed fighting in the Persian Gulf added to supply concerns.
Chip giant Micron beat earnings expectations and could influence tech. ISM manufacturing data today and nonfarm payrolls tomorrow might also set direction, with yields still hot.
This morning's August PCE prices could help shape the Fed's rate decision, and Micron's earnings later might give the entire tech sector direction. Yields and oil remain in focus.
Congress wraps up before the midterms as lawmakers weigh data center and stock-trading bills, and the SEC considers e-delivery and will start operating with just two commissioners.
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