Dow Futures Fall 170 Points to Start Week With Key Inflation Data, Earnings Ahead

rose 6 basis points, closing at 4.316%. One basis point is equivalent to 0.01%.

"Given the conditions that we are operating under, we believe it's prudent to begin preparing for a recession," he added."The talk of a shallow recession that is now the narrative-du-jour strikes us as eerily similar to the 'inflation is transitory' narrative of last year." Core inflation previously rose 0.6% from July to August – the most recent data before what is coming next week – and was up 6.3% from a year ago.— Alex HarringMarket observers will be watching for key data and information coming in the coming week.

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The drop in expected S&P earnings is in the sweet spot for big stock-market gains over the next 12 monthsIt’s good news that the S&P 500’s earnings per share in the fourth quarter will likely be significantly lower than in the fourth quarter of last year, MktwHulbert explains. MktwHulbert “BeCaUsE FeD PiVoT.”
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