Markets Continuing some strength seen in the previous session, U.S. stock index futures all climbed another 0.14% overnight following a major selloff seen earlier in the week. The Dow and S&P 500 finished Wednesday up 0.2%, while tech stocks and … Continue reading
Markets U.S. stock futures turned higher overnight – Dow +0.6%, S&P 500 +0.8%, Nasdaq +1% – following heavy losses seen on Wall Street in the previous session. A spike in bond yields sent equities plunging, with the Nasdaq closing down nearly 3% for its worst day … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 International Trade in Goods (Advance) 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 8:55 Redbook Chain Store Sales 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. 1:00 PM Results of $62B, 7-Year Note … Continue reading
Markets The S&P 500 (SP500) snapped a two-week losing streak last week. And while Treasury yields have been rising, that’s been more to do with the response to global central banks looking to remove accommodation. The deadline in the debt ceiling … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 New Home Sales 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 3 (CD3): Price pushed higher post-Fed during morning session, but could not hold bid for long, … Continue reading
Markets As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot. And Fed chief Jay Powell telegraphed a tapering announcement at the next meeting in November. Tapering is expected to end around mid-2022 and liftoff could occur after … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Existing Home Sales 11:30 Results of $26B, 2-Year FRN Auction The Federal Reserve takes center stage, but the decision could well be a dud for a market that’s been hyping up big macro events lately. While … Continue reading
Markets The dip-buyers who stepped in during the last hour of Wall Street trading yesterday are back again today, pushing stocks higher around the world. S&P futures (SPX), Nasdaq 100 futures (NDX:IND) and Dow Jones futures (INDU) are all up about 1%. Source: SeekingAlpha.com Economic Calendar … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 NAHB Housing Market Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Friday’s Session was Cycle Day 2 (CD2): Sellers dominated this day with “risk-off” anxiety ahead of this week’s FED Meeting. Range was 56.25 … Continue reading
Markets Economic Calendar 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior session was Cycle Day 1 (CD1): Textbook CD1 unfolded, as price fulfilled Average Decline (4446) rallying back to 4475 target, in what we … Continue reading