Markets Now: Nothing, Nothing, Nothing
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7:40 a.m.Yesterday's rally erased nearly all of Tuesday's Italy-inspired losses, and today looks like it will start right where yesterday ended. S&P 500 futures have are little change, while Dow Jones Industrial Average futures have dipped 4 points. Nasdaq Composite futures have advanced 0.1%.
It's not as if everything has returned to normal. In fact, it's far from it. Steel and aluminum tariffs are set to go into effect tomorrow, and there doesn't seem like there will be a reprieve even for Mexico, Canada, or U.S. allies in Europe. Other reports suggest that President Donald Trump is considering banning Germany's luxury car makers.
On the plus side of the ledger, European inflation surprised to the upside, and is now approaching the ECB's target. "Mario, rejoice," writes Bleakley Advisory Group's Peter Boockvar. " Your headline inflation measure is where you want it."
If only everything else was.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.