Markets U.S. stock index futures, along with global stocks, are taking another turn for the worse as investors cash out of an extraordinary rally following the latest comments from Fed Chair Jerome Powell. The Fed sees GDP plunging 6.5% in … Continue reading
Markets Futures were mixed overnight ahead of the Fed’s first economic projections of 2020 – due out at 2 p.m. ET. Nasdaq futures climbed 0.3%, while the Dow and S&P fell as much as 0.4%, reflecting a similar trade on Tuesday that … Continue reading
Markets Bull vs. Bear Speculative excess has surged to the highest in at least two decades among U.S. options traders and not a single stock in the S&P 500 index is down for the past 10 weeks. Source: Seeking Alpha https://seekingalpha.com/ … Continue reading
Markets Futures suggest equities are looking to extend a record rally at the open following the U.S. jobs report on Friday which smashed expectations and underpinned risk assets. A weekend agreement by OPEC+ to an extension of output cuts saw … Continue reading
Markets S&P 500 futures rebounded nearly 1% overnight, ahead of today’s nonfarm-payrolls report forecast to show more than 8M job losses in May and a surge in the unemployment rate to nearly 20%. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Non-farm payrolls1:00 PM Baker-Hughes … Continue reading
Markets The S&P 500 rose for a fourth straight day on Wednesday, trimming its YTD loss to just 3.3%, though futures are pointing to a lower open, down 0.6% at the time of writing. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 9:45 PMI Manufacturing Index10:00 ISM … Continue reading
Markets The sentiment led S&P 500 futures to tack on another 0.6% gain overnight Source: https://www.investing.com/indices/indices-cfds Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report9:45 PMI Services Index10:00 ISM Non-Manufacturing Index10:00 Factory Orders10:30 EIA Petroleum Inventories https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written 8 pm Tuesday evening … Continue reading
Markets Equities continue ascent U.S. stock index futures are ahead by 0.7%, erasing an earlier loss Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar Auto Sales8:55 Redbook Chain Store Sales Source: https://www.investing.com/economic-calendar/ S&P 500 (ES) Prior Session was Cycle Day 1 (CD1): Secure Low (3008) was … Continue reading
Markets Relief rally in Asia Things fared a lot better over in the Far East, with shares in Hong Kong and Shanghai surging 3.4% and 2.2%, respectively. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 9:45 PMI Manufacturing Index10:00 ISM Manufacturing Index10:00 Construction Spending https://www.investing.com/economic-calendar/ S&P 500 Prior Session … Continue reading
Markets In Europe, stocks have started the day off in negative territory, with the Stoxx 600 Index posting a 1.1% drop at midday. U.S. stock futures are pointing lower. The yield on the benchmark 10-year Treasury note was down to 0.67% and … Continue reading