Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts 10:00 Consumer Sentiment 10:45 Fed’s Kaplan Speech 12:30 PM Fed’s Kaplan Speech 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Price recovered the CD1 decline as … Continue reading
Markets Retail rebound The market will get some insight into how much the consumer is participating in the economic recovery with the latest retail sales numbers today. S&P futures (SPX), Nasdaq futures (NDX:IND) and Dow futures (INDU) are all in the green. Source: SeekingAlpha.com Economic Calendar … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Import/Export Prices 12:00 PM Jerome Powell Speech 2:00 PM Fed’s Beige Book 2:30 PM Fed’s Williams Speech 3:45 PM Fed’s Clarida Speech 4:00 PM Fed’s Bostic: “Redesigning Cities to Tackle Systemic Racism” 6:05 PM Fed’s Kaplan Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat … Continue reading
Markets Inflation sticker shock The market is expecting Q2 to be the show-me quarter for economic data, where the numbers confirm the substantial economic progress baked into the run-up for the S&P to record levels. Source: SeekingAlpha.com Economic Calendar The Labor … Continue reading
Markets Stock index futures are down slightly. Treasury yields are lower in early trading. The benchmark 10-year Treasury yield is down 1 basis point to 1.65%, while the 5-year yield, more closely associated with Fed rate forecasts, is down 1 … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Quiet consolidation session at higher levels with another narrow trading range, keeping intra-day traders sidelined with little rotational opportunity. Range was … Continue reading
Markets S&P 500 notched a fresh closing high of 4,079.95 on Wednesday. Stock index futures climbed further overnight, with contracts linked to the S&P 500 up another 0.4%, and the Dow and Nasdaq ahead by 0.2% and 0.8%, respectively. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless … Continue reading
Markets Hovering near records U.S. stock index futures wavered between slight gains and losses overnight, with the Dow Jones and S&P 500 drifting near record highs, and the Nasdaq not far behind. Wall Street took a breather on Tuesday, and … Continue reading
Markets Pausing for breath More bullish economic data saw investors drive stocks higher in a broad advance on Monday. U.S. services industry activity jumped to a record high in an ISM survey following Friday’s bumper jobs report that showed U.S. … Continue reading
Markets Bumper jobs report Investors are digesting the March nonfarm payrolls report a bit late as markets were closed at the end of the week for Good Friday. The strong bounce in U.S. job growth, compounded with an accelerating vaccine … Continue reading