Is SPX Tranquility a Good Thing?

U.S. import prices and housing starts rose in May

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Schaeffer's Opening View
6/16/2021
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Stock Futures Gearing Up for Busy Day


By: Laura McCandless

Dow Jones Industrial Average (DJI) futures are wading into the red this morning, while S&P 500 Index (SPX) futures are flat and Nasdaq-100 (NDX) futures inch higher. All eyes are on the Federal Reserve, with its two-day meeting set to conclude with an update on monetary policy, followed by a press conference from Federal Reserve Chairman Jerome Powell.

There is plenty of economic data to unpack before the meeting though, with U.S. import prices rising 11.3% year-over-year and 1.1% on a monthly basis, while U.S. housing starts also climbed 3.6% for May. Elsewhere, U.S. President Joe Biden and Russian President Vladimir Putin will begin their highly anticipated summit in Geneva. 

Continue reading for more on today's market, including:

  • A look at the SPX's low volatility with Schaeffer's Senior Quantitative Analyst Rocky White. 
  • A vaccine update had call traders flocking to Ocugen stock.
  • Plus, unpacking La-Z Boy earnings; fresh coverage for SOFI; and Roblox stock dinged by active user numbers. 
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