Everything You Need to Know Today
Even with Wall Street technically off duty for Juneteenth, global market futures woke up Friday in a cold sweat as President Trump toys with launching missiles into Iran in defense of Israel’s latest military adventure. S&P 500 contracts slumped 0.4% in early Asia trading, after a sleepy 0.9% drop Thursday, in case we needed proof that you don’t need an open exchange to panic.
Traders were already on edge after Bloomberg reported U.S. military brass are prepping for a strike. Then Trump’s team said he’ll make the call within two weeks. Oil sniffed the tension and perked up Thursday before easing slightly Friday. Brent still carries an $8-a-barrel anxiety surcharge.
No one wants to spend the weekend wondering if the president is about to ignite $150 oil with a tweet… and yet, here we are.
Factories, Forecasts, and Fed Feels: All eyes are not trained on Tehran will be on the Philly Fed Index and the Leading Economic Index this morning, giving us two early reads on how much economic steam is left in the engine. Add in a sentiment check from the St. Louis Fed, and rate-watchers have plenty to chew on.
Pre-Market Popcorn: Accenture, Kroger, Darden, and CarMax report before the bell. No after-hours earnings on deck, but pre-market action could set the tone… especially if margins miss or guidance wobbles.
Bottom line: Trump’s strike calculus meets a market hungry for clues. We’re stirring the pot on all fronts.
© MOBY TECHNOLOGIES
Disclaimer:
The content provided by Moby is for informational and educational purposes only and does not constitute financial, investment, or trading advice. All stock price targets, projections, and analyses are based on publicly available information and our own opinions. They are not guarantees of future performance, and actual results may differ due to market conditions and unforeseen factors.
Moby is not a registered investment adviser, broker-dealer, or financial planner. Any investment decisions you make should be based on your own research and consultation with a qualified financial professional. Moby and its analysts may hold positions in securities discussed.
Past performance does not guarantee future results. Investing involves risks, including the potential loss of capital. Use of this app constitutes your agreement to our Terms of Service and Privacy Policy.