Briefing.com uses cookies to store information on your computer that is essential to making the site work and to customizing the user experience. By using the site, you consent to the placement of these cookies. Read our cookie policy to learn more and how to withdraw your consent.     
You must subscribe to access archives older
than one year.
Take a free trial of Briefing In Play® now.
Subscribe Here
TERMS OF USE

The Briefing.com RSS (really simple syndication) service is a method by which we offer story headline feeds in XML format to readers of the Briefing.com web site who use RSS aggregators. By using Briefing.com’s RSS service you agree to be bound by these Terms of Use. If you do not agree to the terms and conditions contained in these Terms of Use, we do not consent to provide you with an RSS feed and you should not make use of Briefing.com’s RSS service. The use of the RSS service is also subject to the terms and conditions of the Briefing.com Reader Agreement which governs the use of Briefing.com's entire web site (www.briefing.com) including all information services. These Terms of Use and the Briefing.com Reader Agreement may be changed by Briefing.com at any time without notice.

Use of RSS Feeds:
The Briefing.com RSS service is provided free of charge for use by individuals, as long as the feeds are used for such individual’s personal, non-commercial use. Any other uses, including without limitation the incorporation of advertising into or the placement of advertising associated with or targeted towards the RSS Content, are strictly prohibited. You are required to use the RSS feeds as provided by Briefing.com and you may not edit or modify the text, content or links supplied by Briefing.com. To acquire more extensive licensing rights to Briefing.com content please review this page.

Link to Content Pages:
The RSS service may be used only with those platforms from which a functional link is made available that, when accessed, takes the viewer directly to the display of the full article on the Briefing.com web site. You may not display the RSS content in a manner that does not permit successful linking to, redirection to or delivery of the applicable Briefing.com web site page. You may not insert any intermediate page, “splash” page or any other content between the RSS link and the applicable Briefing.com web site page.

Ownership/Attribution:
Briefing.com retains all ownership and other rights in the RSS content, and any and all Briefing.com logos and trademarks used in connection with the RSS service. You are required to provide appropriate attribution to the Briefing.com web site in connection with your use of the RSS feeds. If you provide this attribution using a graphic we require you to use the Briefing.com web site logo that we have incorporated into the Briefing.com RSS feed.

Right to Discontinue Feeds:
Briefing.com reserves the right to discontinue providing any or all of the RSS feeds at any time and to require you to cease displaying, distributing or otherwise using any or all of the RSS feeds for any reason including, without limitation, your violation of any provision of these Terms of Use or the terms and conditions of the Briefing.com Reader Agreement. Briefing.com assumes no liability for any of your activities in connection with the RSS feeds or for your use of the RSS feeds in connection with your web site.

Briefing.com
Subscribers Log In
 
  • HOME
  • OUR VIEW
    • Page One
    • The Big Picture
  • ANALYSIS
    • Premium Analysis
    • Story Stocks
  • MARKETS
    • Stock Market Update
    • Bond Market Update
    • Market Internals
    • After Hours Report
    • Weekly Wrap
  • CALENDARS
    • Upgrades/Downgrades
    • Economic
    • Stock Splits
    • IPO
    • Earnings
    • Conference Calls
    • Earnings Guidance
  • EMAILS
    • Edit My Profile
  • LEARNING CENTER
    • About Briefing.com
    • Ask An Analyst
    • Analysis
    • General Concepts
    • Strategies
    • Resources
    • Video
  • COMMUNITY
    • Twitter
    • Facebook
    • LinkedIn
    • YouTube
    • Google+
  • SEARCH
Login | Archive | EmailEmail |
HOME > Our View >Page One >Early Tension at Start of a...
Page One Archive
Last Update: 23-Jul-18 09:00 ET
Early Tension at Start of a Big Week

A new week is dawning amid some familiar story lines and some new ones that have the broader market going mostly nowhere.  This is a big week, too, so it will be interesting to see how things look when the sun sets on Friday.

For now, today's open is on track to be slightly weaker even though Hasbro (HAS) impressed with better-than-expected earnings results and LifePoint Hospitals (LPNT) agreed to be acquired by private equity firm Apollo Global Management for $65.00 per share in cash, which is a handsome 36% premium to its closing price on Friday.

This morning's hesitation has been attributed to the familiar clutch of trade uncertainty, as well as a seeming encroachment on the Federal Reserve's independence by the president that stalled the market on Friday.

There is ample attention also being paid to a provocative tweet from President Trump who warned Iran to "never, ever threaten the United States again or you will suffer consequences the likes of which few throughout history have ever suffered before."

This tweet came on the heels of Iranian President Rouhani warning the U.S. about forging ahead with policies that will hurt Iranian interests, saying that "America should know that peace with Iran is the mother of all peace, and war with Iran is the mother of all wars."

Those counter punches have been good for a 1.3% pop in oil prices ($69.14, +$0.88), which is actually pretty modest when one stops to think about just what's at stake in a military altercation between the U.S. and Iran.

Basically, a 1.3% gain in oil prices suggests traders are acknowledging the hyperbole but are refraining from taking things parabolic, cognizant that  a2 + b2 doesn't equal c2 in a war of words.

Nevertheless, throw this latest bit of Twitter diplomacy into the mix as something market participants need to account for as a potential spoiler of the good earnings news.

It has been a distraction this morning that has kept the futures market under wraps. 

Currently, the S&P futures are flat and are trading less than 0.1% below fair value.  The Nasdaq 100 futures are down 15 points and the Dow Jones Industrial Average futures are up two points.

The futures market is also showing some reserve, however, because market participants are aware the week ahead is going to produce a litany of eventful news.

There will be earnings reports from more than 170 S&P 500 companies, including reports from Alphabet (GOOG) after today's close and Facebook (FB) and Amazon.com (AMZN later in the week; there is a trade-related meeting on Wednesday between European Commission President Juncker and President Trump; there is an ECB meeting on Thursday; and the Advance Q2 GDP Report will be released on Friday.

Tucked in between it all will be the ongoing uncertainty about trade matters, which was fueled over the weekend by Treasury Secretary Mnuchin, who said he wouldn't minimize the possibility of President Trump following through on the threat to implement tariffs on all Chinese goods imported to the United States.

So, sit back, but don't necessarily relax.  There is some tension on the line as the S&P 500 walks a key support line at 2800.

--Patrick J. O'Hare, Briefing.com

A new week is dawning amid some familiar story lines and some new ones that have the broader market going mostly nowhere. This is a big week, too,
 
Add this to my Page Alerts.
MARKET PLACE
SPONSORED LINKS
 
  Follow Us On Linkedin  
 
 
LOGIN

CONTACT US
Support
Sitemap
PREMIUM SERVICES
Take a Tour
Compare Services
Request a Demo
INSTITUTIONAL SALES
ADVERTISING

CONTENT LICENSING

EMAILS & NEWSLETTERS
ABOUT US
Our Experts
Management Team

COMMUNITY
MEDIA
Events
News
Awards
PRIVACY STATEMENT
Cookie Policy
Reader Agreement
Policies
Disclaimer
Copyright © Briefing.com, Inc. All rights reserved.
Close
You must log in or register to access this area.
Tip of the Day
Virtual Url Page Popup