US futures are pointing to a lower open. European equity markets also peeled lower at the open, following higher levels in Asia. Some believe markets are prematurely pricing in rate cuts next year as resilient economic data prints strengthen soft-landing expectations. Resurgent commodity prices also posing a risk to disinflation momentum. Peak Fed and peak ECB expectations impacted by slowing China PMIs.
Companies Mentioned: Walmart (NYSE:WMT), Johnson & Johnson (NYSE:JNJ)