Republic Risk: Checking in on GEO Group

Remember our old friend in the detention center business? It's back near 52-week highs with more room to run.

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

U.S. Treasuries are receiving a bid with yields at their lowest point since March as the market fully prices in a rate cut by September, with odds greater than 99% of at least a single cut by the Federal Reserve. The odds grew yesterday following Fed Chair Jerome Powell's comments at the Economic Club of Washington, D.C., where he suggested that inflation is steadily moving toward the central bank's 2% target, adding to the confidence of an upcoming easing cycle. So far this morning, futures are mostly unchanged following a slight dip at the start of premarket trading. Today, we'll get a look at retail sales data, an indicator of consumer spending and economic health. We'll also see earnings from big banks like Bank of America (BAC) and Morgan Stanley (MS) before the bell, followed by trucking company JB Hunt after the market closes. Small-caps should continue attracting attention in a shifting interest rate envir…