S&P Futures are displaying positive action this morning. Key development is the weakening of bond yields which is due to reports that President elect Trump’s team is considering a cautious and slow approach to implementing tariffs to avoid an inflation spike. Markets will be paying close attention to this morning Producer Price Index report which is due out before the bell. Chinese regulators announced plans to collaborate with the PBOC to enhance the effectiveness of monetary policy tools to support markets. Isreal and Hamas are said to be close to a Gaza cease fire agreement. KBH delivered a positive earnings report after the bell yesterday. Big banks are schedule to start releasing 4Q earnings tomorrow. Defense-secretary nominee Pete Hegseth’s confirmation hearing before the Senate Armed Services Committee begins this morning. European shares are moving higher this morning and oil prices are trading lower in the pre-market.
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