Engaging the core (CPI) Inflation is the focus for Wall Street and the global markets, with only an extremely tame rise in consumer prices likely to give Fed members cause to rethink rate trajectory. Core CPI is expected to revisit the … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Producer Price Index 10:00 Fed’s Kashkari Speech 10:00 Atlanta Fed’s Business Inflation Expectations 1:00 PM Results of $32B, 10-Year Note Auction 1:45 PM Fed’s Barr Speech 2:00 PM FOMC Minutes https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written Tuesday … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 11:30 Fed’s Harker: Economic Outlook 12:00 PM Fed’s Mester Speech 1:00 PM Results of $40B, 3-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): Failed 3-Day Cycle as price could … Continue reading
Markets Economic Calendar 9:00 Fed’s Evans Speech 12:30 PM Investor Movement Index ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Risk-Off Friday was the end of week theme as prices closed near their respective lows. Range … Continue reading
Markets Time for payrolls FOMC policymakers and investors will be closely watching the September jobs report this morning – released at 8:30 a.m. ET – for clues on how much the economy is slowing. Nonfarm payrolls are expected to slip … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:50 Fed’s Mester Speech 10:30 EIA Natural Gas Inventory 1:00 PM Fed’s Evans Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Gap lower weakness found strong buy response … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 8:30 Goods and Services Trade 9:45 PMI Composite Final 10:00 ISM Service Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories U.S. crude inventories fell by 1.8 millon barrels for the week ended … Continue reading
Markets Is this the bottom? Hopes of bulls are rising that the stock market could be seeing capitulation after Wall Street saw the third-best start to Q4 since 1930. The major averages rallied sharply on Monday as bond yields (TBT) … Continue reading
Markets Bull killer During the third quarter of 2022, the Federal Reserve jacked up its key policy rate by 150 points across two meetings, accounting for half of its rate hikes since it started tightening policy in March. That, and … Continue reading
Markets Economic Calendar 9:45 Chicago PMI 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Normal CD2 as price successfully retested CD1 Low (3613), finding supportive bid. Range was 114 … Continue reading