Markets A quarter point In his testimony to Congress on Wednesday, Fed Chair Jay Powell ditched the ambiguous lingo by confirming his support for a 25 bps interest rate hike at the FOMC’s next meeting in two weeks. Source: SeekingAlpha.com Economic … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 10:00 Powell Testifies on Semi-Annual Monetary Policy Report 11:00 Survey of Business Uncertainty 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 Oil’s price ascent is showing no signs of … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:55 Redbook Chain Store Sales 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending 1https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Markets worked on balancing out recent swings during this … Continue reading
Markets All the uncertainty has led to renewed risk-off sentiment, with U.S. stock index futures falling as much as 3% after major comeback sessions last week. Concerns over energy disruptions sent crude oil futures in the opposite direction, with the contracts climbing 4% to … Continue reading
Markets Financial markets went on a roller-coaster ride on Thursday as traders monitored the latest happenings in Ukraine, where Russia used air, land and naval forces for an invasion that shocked the world. WTI crude oil surged to more than … Continue reading
Markets Take cover The conflict in Ukraine is roiling many sectors across the globe, with investors fearing contagion in all parts of the market. Stock index futures in the U.S. dropped precipitously overnight, with contracts linked to the Dow and … Continue reading
Markets Correction territory U.S. indices managed to cut their losses on Tuesday, but the drop was still deep enough to push the S&P 500 into correction territory for the first time since Mar. 2020’s COVID-related selloff. The key index fell 1% during … Continue reading
Markets Tensions hit markets U.S. markets were closed for Presidents’ Day on Monday, but intensifying tensions between the West and Russia was on full display across the globe. Russia’s benchmark stock index, the MOEX, plunged 10.5% for its largest daily percentage decline … Continue reading
PTG is celebrating America’s Brave Leaders today. Daily Trade Strategy will be back on Tuesday. GOD BLESS AMERICA! … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Existing Home Sales 10:00 E-Commerce Retail Sales 10:00 Leading Indicators 10:00 Quarterly Services Report 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 2 (CD2): Risk-Off was this cycle day’s theme, … Continue reading