Markets CPI time The next big test for the markets arrives at 8:30 a.m. ET as the Bureau of Labor Statistics discloses its latest print on U.S. inflation. Traders already got nervous in the previous session, with the Nasdaq plunging nearly 3% and … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 1:00 PM Results of $19B, 30-Year Note Auction 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Choppy session as … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Wholesale Inventories (Preliminary) 10:30 EIA Petroleum Inventories 1:00 PM Results of $33B, 10-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories Source: http://Investing.com S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening … Continue reading
Markets Economic Calendar 8:30 Goods and Services Trade 1:00 PM Results of $44B, 3-Year Note Auction 3:00 PM Consumer Credit https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled during this rather … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 12:30 PM Investor Movement 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): Price pushed down to Key Support (4100) during a choppy two-way balancing session to end the week. … Continue reading
Markets Economic Calendar 8:30 Non-farm payrolls 9:45 PMI Composite Final 10:00 ISM Service Index 10:30 Fed’s Brainard 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 1 (CD1): Normal Cycle Day 1 with low in-place … Continue reading
Markets Economic Calendar 8:15 ADP Jobs Report 8:30 Initial Jobless Claims 8:30 Productivity and Costs 10:00 Factory Orders 10:30 EIA Natural Gas Inventory 11:00 EIA Petroleum Inventories 12:00 PM Fed’s Logan Speech 1:00 PM Fed’s Mester: “What’s ahead for U.S. Monetary Policy?” 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG … Continue reading
Markets QE to QT The beginning of so-called quantitative tightening commences today as the Fed lets bonds mature off its $9T balance sheet without replacement. Source: SeekingAlpha.com Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending 10:00 Job Openings and Labor … Continue reading
Markets While stocks are trying to grab back some gains this morning, the S&P 500 fell even closer to a bear market on Thursday, now down 18.6% from its record closing high set in early January. If things turn around again this … Continue reading
Markets Blood in the streets The market selloff (or bubble) is showing no sign of abating (or deflating) as U.S. stock index futures continue to stumble. Contracts linked to the Dow (DJI) and S&P 500 (SP500) fell another 1.6% overnight, while the … Continue reading