From the Wall Street Journal’s “Stock Futures Tick Up Ahead of Inflation Data” posted early Tuesday:
U.S. stock futures edged higher ahead of fresh data that is likely to show that inflation remained elevated in August…
Investors are showing signs of cautious optimism this week as they bet that the economy will continue to recover, bolstering corporate earnings. That marks a shift from last week, when a rise in Delta variant cases of Covid-19 had stoked concerns that measures to contain the virus could weigh further on economic activity or slow the shipping of goods and materials, adding to inflationary pressures.
“The skittishness in markets is down to the Delta variant and the effect on growth expectations,” said Edward Park, chief investment officer at U.K. investment firm Brooks Macdonald.
My take: Apple shareholders, of course, are more likely to be focused on today’s California Streaming event. I’ll be tuning in and you can too. Click here at 1:00 p.m. Eastern, 10 a.m. Pacific.