Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): This Cycle Day 2 lined up with QUAD OPEX saw more than 1/3 of SPX contracts … Continue reading
Markets BIG Quadruple Options Expiration today with 4400 (440) as the dominant strike, with an expected “pinning” near this level. As posted in the PTG Trading Room yesterday: “PTGDavid :(12:59:33 PM) : They going to pin 4400?” Learn more about … Continue reading
Markets Bulls like hawks The Federal Reserve kicked off its tightening cycle with an expected quarter-point hike and the stock and bond markets had different reactions. The FOMC hiked rates by a quarter-point. That was expected, but the summary of economic projections … Continue reading
Markets It’s showtime! Fed Chair Jay Powell will be in the hot seat this afternoon following the conclusion of the Federal Reserve’s two-day policy meeting. The central bank is widely expected to raise interest rates by a quarter of a … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar FOMC meeting begins 8:30 Producer Price Index 8:30 Empire State Mfg Survey 8:55 Redbook Chain Store Sales 4:00 PM Treasury International Capital https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Normal CD1 as … Continue reading
Markets Treasury trouble The rout in Treasuries is picking up speed as inflationary fears spur forecasts for an abrupt shift towards aggressive monetary tightening. The 10-year yield climbed 9 basis points overnight to 2.09%, touching a level last seen in … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Quarterly Services Report 10:00 Consumer Sentiment 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): Normal CD2 unfolded on this cycle day as bulls repelled multiple selling … Continue reading
Markets Volatility remains Investors witnessed a big comeback for stocks on Wednesday, with the S&P 500 and Nasdaq gaining 2.5% and 3.6%, respectively, though cautious sentiment is lingering due to the ongoing conflict in Ukraine. While U.S. equity indices snapped a four-session losing … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Job Openings and Labor Turnover Survey 1:00 PM Results of $34B, 10-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories Oil crisis Calling the sanction “another powerful blow to Putin’s war machine,” … Continue reading
Markets A bear is growling Fears of an economic downturn sent equities into a tailspin on Monday, triggering a steep selloff on Wall Street as commodities like oil, wheat and nickel powered higher. The S&P 500 plunged 3% for its worst day … Continue reading