Markets FOMC minutes Three weeks ago, the Federal Reserve’s Federal Open Market Committee made news when it announced its biggest rate hike since 1994, in an effort to show markets that it’s serious about taming inflation. Today, the central bank … Continue reading
Markets Economic Calendar 10:00 Factory Orders 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): Normal consolidation as expected for this cycle day as shortened holiday kept traders sidelined. Range … Continue reading
Markets Perfect storm: The S&P 500 (SP500) has plunged 21% since January, losing more than $9T in market capitalization and suffering its worst first half of a year since 1970, while the Nasdaq Composite (COMP.IND) and Dow Jones (DJI) fell 16% and 30%, respectively. The 10-year … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 Personal Income and Outlays 9:45 Chicago PMI 10:30 EIA Natural Gas Inventory 3:00 PM Farm Prices 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 … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 GDP Q1 8:30 Corporate profits 9:00 Jerome Powell Speech 10:00 State Street Investor Confidence Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories Oil prices traded higher Tuesday, boosted by hopes of increased Chinese demand as well … Continue reading
Markets 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 10:00 Consumer Confidence 10:00 Richmond Fed Mfg. 12:30 PM Fed’s Daly Speech 1:00 PM Results of $40B, 7-Year … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Durable Goods 10:00 Pending Home Sales 10:30 Dallas Fed Manufacturing Survey 11:30 Results of $46B, 2-Year FRN Auction 1:00 PM Results of $47B, 5-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 2 … Continue reading
Markets Economic Calendar 10:00 New Home Sales 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count 4:00 PM Fed’s Daly Speech 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 CD1 as price declined establishing an early … Continue reading
Markets Stressed out Later this afternoon, the Federal Reserve will release the results of its 2022 bank stress tests, which were established under Dodd-Frank regulations following the global financial crisis. All 34 U.S. banks with over $100B in assets will … Continue reading
Markets Rally fizzles That didn’t last long. U.S. stocks pulled off a strong rebound yesterday, with the S&P 500 advancing 2.5% for its strongest showing since late May. However, persistent worries about inflation and a potential recession still remain a concern for … Continue reading