Stocks had worst sell-off since November; futures lower this morning.
Nicole
Kevin Hincks
Futures soft but off lows; US market direction will dominate after open.
Kevin Hincks
Big week ahead: durable goods, GDP Friday (expected 4.4% to 2.8%), personal consumption expenditures expected 3.5% to 2.4%.
Kevin Hincks
Walmart earnings important due to size and run-up; Magnificent Seven under pressure; Nvidia earnings approaching; question whether software sell-off continues.
Kevin Hincks
Gold down 3%, Bitcoin down 1%; 10-year yield at 4.04%, question if it gets a 3-handle.
10-year yield range discussed as 3.5-4.5%; some guests said could go to 4-5%, above which becomes problematic.
Nicole
US-Iran nuclear talks not going smoothly; asks about crude oil.
Nicole
Kevin Hincks
Crude oil volatile: down pre-market, rallied on Iran Strait of Hormuz headlines, then simmered down as talks continued.
Iran using tough, threatening language; asks for other standout items.
Nicole
Kevin Hincks
Empire State Manufacturing at 7.1, slightly better than expected; markets starting downside; watch 10-year yield, silver and gold both lower; Fed minutes Wednesday.
Empire State Manufacturing beat tells a story, similar to last month's beat leading other manufacturing beats.