Trade Strategy 3.22.23

Markets (Top Stories) Fedilemma Leading up to the Federal Reserve’s March 21-22 monetary policy meeting, traders had been expecting the FOMC to ratchet up its key interest rate by 50 basis points because the economy appeared to be surprisingly robust. … Continue reading

Trade Strategy 3.21.23

Markets (Top Stories) Source: Economic Calendar S&P 500 Prior Session was Cycle Day 2 (CD2): Price held bid above our stated Line-In-Sand (3950) outlined in prior DTS 3/20/23 briefing, demonstrating a “positive skew”, closing near highs of the day. Prior … Continue reading

Trade Strategy 3.20.23

Markets (Top Stories) Crisis takeover Another wild weekend has seen regulators attempt to stave off a banking crisis that’s quickly spreading across global markets. In an emergency deal brokered by Swiss authorities, UBS (NYSE:UBS) agreed to scoop up longtime rival Credit Suisse … Continue reading

Trade Strategy 3.17.23

Markets (Top Stories) “May the sun shine warm upon your face; the rains fall soft upon your fields and until we meet again, may God hold you in the palm of His hand.” Economic Calendar 10:00 Consumer Sentiment 10:00 Leading Indicators 1:00 PM Baker-Hughes Rig … Continue reading

Trade Strategy 3.16.23

Markets (Top Stories) Credit Suisse’s $54B lifeline Credit Suisse (CS) will borrow as much as 50 billion francs ($54 billion) from the Swiss National Bank liquidity facility. The troubled Swiss bank also announced public tender offers by Credit Suisse International to repurchase … Continue reading

Trade Strategy 3.15.23

Markets (Top Stories) Record low Credit Suisse (CS) shares plunged 18% premarket to a record low today after the bank’s top shareholder ruled out offering further financial assistance to the lender. Saudi National Bank Chairman Ammar Al Khudairy cited regulatory concerns as … Continue reading

Trade Strategy 3.14.23

Markets (Top Stories) Inflation in focus Investors await the latest inflation data, which will be released later in the day, for clues on the Federal Reserve’s future monetary policy and progress so far on the disinflation process. February consumer prices are … Continue reading

Trade Strategy 3.13.23

Markets (Top Stories) Containing SVB mess U.S. regulators have rushed to minimize the impact of the collapse of Silicon Valley Bank, owned by SVB Financial (SIVB), on the wider financial sector, thereby easing market jitters. Depositors of the shuttered bank … Continue reading

Trade Strategy 3.10.23

Markets NFP PREVIEW is provided by PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), … Continue reading

Trade Strategy 3.9.23

Markets Source: Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 4:30 PM Fed Balance Sheet S&P 500 Prior Session was Cycle Day 3 (CD3): Price range was contained within the Target Master Zones, and developed as a Neutral Range Balancing … Continue reading