Markets Bear blues An intense selloff hit Wall Street on Monday as traders got rattled by worries of entrenched inflation and a possible recession. The S&P 500 slumped nearly 4% to enter a bear market, now off more than 21% from … Continue reading
Markets The ‘r’ word An increasing number of economists are now doubting the possibility of a “soft landing,” which would see the Fed get inflation under control without triggering an economic downturn. An ugly Monday is in store with traders … Continue reading
Markets CPI time The next big test for the markets arrives at 8:30 a.m. ET as the Bureau of Labor Statistics discloses its latest print on U.S. inflation. Traders already got nervous in the previous session, with the Nasdaq plunging nearly 3% and … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 1:00 PM Results of $19B, 30-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 was Cycle Day 2 (CD2): Choppy session as … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Wholesale Inventories (Preliminary) 10:30 EIA Petroleum Inventories 1:00 PM Results of $33B, 10-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories Source: http://Investing.com S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening … Continue reading
Markets Economic Calendar 8:30 Goods and Services Trade 1:00 PM Results of $44B, 3-Year Note Auction 3:00 PM Consumer Credit https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled during this rather … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 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): Price pushed down to Key Support (4100) during a choppy two-way balancing session to end the week. … Continue reading
Markets Economic Calendar 8:30 Non-farm payrolls 9:45 PMI Composite Final 10:00 ISM Service Index 10:30 Fed’s Brainard Speech 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): Normal Cycle Day 1 with low in-place … Continue reading
Markets Economic Calendar 8:15 ADP Jobs Report 8:30 Initial Jobless Claims 8:30 Productivity and Costs 10:00 Factory Orders 10:30 EIA Natural Gas Inventory 11:00 EIA Petroleum Inventories 12:00 PM Fed’s Logan Speech 1:00 PM Fed’s Mester: “What’s ahead for U.S. Monetary Policy?” 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG … Continue reading
Markets QE to QT The beginning of so-called quantitative tightening commences today as the Fed lets bonds mature off its $9T balance sheet without replacement. Source: SeekingAlpha.com Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending 10:00 Job Openings and Labor … Continue reading