Markets Seeking rate clarity Equities gained traction in the middle of session on Thursday following comments from Atlanta Fed President Raphael Bostic, who said the central bank could be in a position to pause rate hikes this summer. Major U.S. equity … Continue reading
Markets Higher yields Headlines from the fixed income world are rattling equity investors as the yield on the 10-year Treasury (US10Y) topped 4.00% for the first time since November. The 2-year yield (US2Y) also rose 2 basis points to 4.91% on Wednesday, … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending https://www.investing.com/economic-calendar/ 10:30 EIA Petroleum Inventories S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Objective (4023) … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 International Trade in Goods (Advance) 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 9:00 S&P CoreLogic Case-Shiller Home Price Index 9:00 FHFA House Price Index 9:45 Chicago PMI 10:00 Consumer Confidence 10:00 Richmond Fed Mfg. 1:00 PM Money Supply 2:30 PM Fed’s Goolsbee Speech 3:00 … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Durable Goods 10:00 Pending Home Sales 10:30 Dallas Fed Manufacturing Survey https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Normal for CD1 as price declined establishing a new cycle low at 3947.50. Prior range was 75 handles … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Personal Income and Outlays 10:00 New Home Sales 10:00 Consumer Sentiment 10:15 Fed’s Mester Speech 1:00 PM Baker-Hughes Rig Count 1:30 PM Fed’s Collins Speech https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled as price … Continue reading
Markets How slow can you go? That was the question at last month’s FOMC meeting, with monetary policymakers debating how much tightening would be needed to rein in inflation without shocking the economy. The minutes showed that “almost all” officials agreed … Continue reading
Markets Stock index futures were little changed overnight after the S&P 500 (SP500) tumbled 2% on Tuesday to mark its largest down day since the December FOMC meeting (and erasing all of its gains for February). “All eyes will be on the release … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 9:45 PMI Composite Flash 10:00 Existing Home Sales 1:00 PM Results of $42B, 2-Year Note Auction https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Prior week ended with sellers in control as options expiration and trader sentiment have … Continue reading