Blue Notes 9/11

Blue Notes 9/11

U.S. equities are moving solidly higher in early action, with geopolitical concerns fading as North Korea held off on conducting another missile test.
Early reports are suggesting downgraded Hurricane Irma's economic impact may be lower than feared, bolstering insurance stocks.
Insurance stocks remain in focus as the markets assess the impact of Hurricane Harvey in Texas two weeks ago and Hurricane Irma that hammered the Caribbean and made landfall in Florida over the weekend. Early reports are suggesting Irma's costs will likely be less than feared as the storm has been downgraded to a tropical storm. Airlines and travel companies are finding support.

This week's economic calendar
Stubbornly low inflation, which has kept Fed rate expectations hamstrung, will be on display courtesy of the releases of the Consumer Price Index (CPI) and Producer Price Index (PPI) for August.
The all-important U.S. consumer will also garner attention as the markets digest the August retail sales report and the preliminary September University of Michigan Consumer Sentiment Index.
The docket will also bring the NFIB Small Business Optimism Index, JOLTS Job Openings, and industrial production and capacity utilization.

U.S. Stocks Rallying to Begin the Week as if to say, Hooray we made it through the weekend!

Economic calendar