With even more earning reports this week, what could a poor soul latch on to as a barometer for where risk sentiment will amass towards in mob like fashion this week? How about Caterpillar? Two thirds of its revenue is generated overseas, what better way to see how all of those stimulus packages, especially China’s, are actually being allocated.
CAT lowered their forecasts in April, analysts already anticipate lower Q2 numbers, but what if they surprise for better or for worse? Could this be where risk sentiment will get its cue for the week?
We shall see early tomorrow.