Markets Cautious on Israel-Gaza Conflict, But Macro Data in Focus
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Expect markets to initially react cautiously to Israel-Gaza conflict, but macro data will take focus.
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Interest rates likely to decline on risk-off sentiment, which could be positive for stocks.
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Falling rates could halt recent bond market selling and lead to drop in 10-yr yields.
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Important economic data releases later this week PPI, CPI, U. Mich inflation expectations.
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Continued preference for tech stocks (QQQ) and industrial stocks (XLI) despite geopolitical uncertainty.