Susan Dziubinski: Hello, and welcome to The Morning Filter. I’m Susan Dziubinski with Morningstar. Every Monday morning, I sit down with Morningstar Research Services Chief US Market Strategist Dave Sekera to discuss what’s on his radar this week, some new Morningstar research, and a few stock picks or pans for the week ahead. So, good morning, Dave. We have a good deal of economic news coming out this week.
Let’s start with the Fed meeting. I’m assuming the market is pricing in about a 0% chance of a rate cut. Is that about right?
David Sekera: Hey, good morning Susan. That is right. So right now, the market implied probability of a cut is essentially zero. And in fact, when we look to the July meeting, I think the market implied probability’s only about a 10% chance that they cut at that point in time. But the probability does increase up to 50% at the September meeting.
And …