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“Wherever we look upon this earth, the opportunities take shape within the problems.” – Nelson A. Rockefeller
It’s another quiet morning in the equity markets as futures are little changed ahead of the three-day weekend. There’s also little on the data calendar today besides Michigan Confidence at 10 AM. The key data point to watch in this release will be inflation expectations to see how sentiment towards prices is trending among consumers.
Be sure to check out today’s Morning Lineup for updates on the latest market news and events, earnings reports from around the world, economic data out of the UK, an update on the latest national and international COVID trends, and much more.
This market rally that started at the beginning of February has been a global tide lifting all boats. As shown in the chart below, the Bloomberg World Index has seen all green in its daily candlesticks and through Thursday was up nine days in a row taking the index to new highs.
At nine days and counting, the current winning streak for the Bloomberg World Index is the longest since early 2018 and one of only a few that have lasted this long since 2004.