Markets Spotlight on Powell Federal Reserve policymakers have clearly telegraphed what they plan to do at today’s FOMC meeting before the latest blackout period began on April 23. Officials are set to hike rates by 50 basis points for the … Continue reading
Markets Topping 3% The 10-year U.S. Treasury yield has broke above 3% for the first time since December 2018 as the Federal Reserve is poised to hike interest rates and shrink its balance sheet to fight inflation. The recent climb … Continue reading
Markets Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): April ended on a sour note as month end institutional selling continued into the … Continue reading
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