Markets Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 9:45 Chicago PMI 10:00 Consumer Sentiment 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 1 (CD1): Early weakness successfully testing prior low zone … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 GDP Q1 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 11:00 Kansas City Fed Mfg Survey 1:00 PM Results of $44B, 7-Year Note Auction 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 … Continue reading
Markets Wall Of Worry Some traders are attempting a brave climb up the “wall of worry” despite a multitude of negative forces that continue to spook the market. Overnight, U.S. stock index futures rose by 1% despite aggressive selling on Wall Street … Continue reading
Markets Economic Calendar 8:30 Durable Goods 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. 10:00 New Home Sales 1:00 PM Results of $48B, 2-Year Note Auction 1:00 PM Money Supply https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link … Continue reading
Markets Market trouble The April market selloff is continuing apace with China stocks falling to their lowest level in two years on Monday. Overnight, the Shanghai Composite plunged over 5% for its biggest one-day drop since February 2020, while WTI crude oil slipped … Continue reading
Markets From open to close, the S&P 500 Index (CASH: SPX) (ETF: SPY) (FUTURE: /ES) ended lower 95.38 (2.12%). (spotgamma) The Federal Reserve Chair Jerome Powell “blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening … Continue reading
Markets Economic Calendar 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 10:00 Leading Indicators 10:30 EIA Natural Gas Inventory 11:00 Jerome Powell Speech 12:30 PM Fed’s Bullard: U.S. Economy and Monetary Policy 1:00 PM Jerome Powell Speech 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 1:00 PM Results of $16B, 20-Year Bond Auction 2:00 PM Fed’s Beige Book https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories U.S. crude inventory unexpectedly declined last week, the API reported Tuesday, just as global growth … Continue reading
Markets 75-basis-point rate hike? St. Louis Fed President James Bullard said he wouldn’t “rule out” a 75 basis-point increase, “but it isn’t my base case.” The market has priced in a 50-basis-point hike for the May meeting, kicking off a … Continue reading
Markets Recession risks The Goldman Sachs economics team says that there is now a 35% chance of a U.S recession over the next two years, with the labor market a particular problem for the Federal Reserve. Source: SeekingAlpha.com Economic Calendar 10:00 NAHB … Continue reading