Markets Source: SeekingAlpha.com Economic Calendar 10:00 Job Openings and Labor Turnover Survey 1:00 PM Results of $34B, 10-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories Oil crisis Calling the sanction “another powerful blow to Putin’s war machine,” … Continue reading
Markets A bear is growling Fears of an economic downturn sent equities into a tailspin on Monday, triggering a steep selloff on Wall Street as commodities like oil, wheat and nickel powered higher. The S&P 500 plunged 3% for its worst day … Continue reading
Markets Crude through the roof As pressure builds to sanction Russia, the Biden administration is inching closer towards a ban on the import of Russian oil and energy products. Brent (CO1:COM) touched nearly $140 a barrel on the news overnight, … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar It’s the final monthly employment report before the FOMC gathers for its upcoming March meeting. Consensus economist forecasts see a gain of 400K non-farm payroll additions last month, compared to the 467K gain in January, leaving … Continue reading
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