Banks might set the tone today as several report earnings a day before CPI data that could influence the Fed. Monday's session was light with bonds closed.
Major banks kick off third quarter earnings season this week as markets grapple with elevated Treasury yields, energy supply disruptions, and ongoing geopolitical tensions.
Stocks are mixed ahead of an event-filled week as higher oil prices, additional Iran attacks and a closed bond market keep a lid on investor sentiment.
Major indexes reached record highs, but momentum divergences and defensive rotation suggest a more cautious backdrop. Oil prices and Treasury yields remain key variables.
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