Some Market Danger Signs Are Lurking

U.S. consumers may well be intact, but they are economizing on cyclical services spending — especially on travel

Key Takeaways

• Stocks Find a Reason to Bounce: U.S. futures are flashing a recovery at the open, with the only piece of news igniting the bargain hunters (especially in the beaten-down Nasdaq) being the cessation of these tit-for-tat attacks between the United States and Iran (as an aside, and a difficult read I might add, the lead Wall Street Journal editorial today on page A16 is titled Iran Is Winning the Battle of Hormuz).