Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index 9:45 PMI Composite Flash 1:00 PM Results of $54B, 2-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Long Liquidation hit the markets on … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Leading Indicators 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 3 (CD3): Once again morning rally secured a positive 3 Day Cycle Rally but failed to hold … Continue reading
Markets Tech correction Technology stocks are officially in correction territory after yesterday’s late Wall Street selloff. The tech and growth focused Nasdaq 100 (NDX) (NASDAQ:QQQ) fell more than 1% in the previous session, bringing the decline from its high to 10.2%, the typical … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits 8:55 Redbook Chain Store Sales 1:00 PM Results of $20B, 20-Year Bond Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior … Continue reading
Markets Volatility sticks around The rocky start to 2022 is continuing into earnings season as a jump in Treasury yields continues to unnerve investors. The 10-year Treasury yield climbed 6 basis points overnight to 1.83%, a level last seen two … Continue reading
Martin Luther King Jr. was an American Baptist minister and activist who became the most visible spokesman and leader in the American civil rights movement from 1955 until his assassination in 1968. … Continue reading
Markets Big bank bucks Investors this morning will get a better picture on the financial standing of the economy as the biggest U.S. banks publish their quarterly results. Source: SeekingAlpha.com Economic Calendar 8:30 Retail Sales 8:30 Import/Export Prices 9:15 Industrial Production 10:00 Business Inventories … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 Producer Price Index 10:30 EIA Natural Gas Inventory 1:00 PM Results of $22B, 30-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Price pushed upwards fulfilling … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Consumer Price Index 10:00 Atlanta Fed’s Business Inflation Expectations 1:00 PM Results of $36B, 10-Year Note Auction 2:00 PM Treasury Budget 2:00 PM Fed’s Beige Book https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link Crude rally Weekly oil stockpiles data from … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar Powell on the Hill Get ready for the latest appearance by Fed Chair Jerome Powell, who will visit Capitol Hill today for his confirmation before the Senate Banking Committee. 10:00 Powell testifies before Senate Banking Committee 1:00 … Continue reading