Markets Economic Calendar 9:45 Chicago PMI 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 2 (CD2): Normal CD2 as price successfully retested CD1 Low (3613), finding supportive bid. Range was 114 … Continue reading
Markets Sizzle or fizzle? U.S. stocks look ready to sing the bear market blues again this morning after the Bank of England shuffled sentiment with a dominant turnaround. Fearing a breakdown in market stability, the central bank on Wednesday promised to buy … Continue reading
Markets The Dow Jones slipped further into a bear market and the S&P 500 fell to its lowest level in almost two years on Tuesday, while the Nasdaq Composite inched higher, but is still off nearly 32% YTD Source: SeekingAlpha.com Economic Calendar 10:00 Pending … Continue reading
Markets S&P struggle The S&P 500 (SPY) closed Monday at a 2022 low of 3,655.04, but RBC Capital Markets argues the index could shed another roughly 4% to reach 3,500 – or even 3,050 if equities experience a 1970s-style meltdown. … Continue reading
Markets Economic Calendar 8:30 Chicago Fed National Activity Index 10:30 Dallas Fed Manufacturing Survey 12:00 PM Fed’s Bostic Speech 4:00 PM Fed’s Mester Speech 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 CD1 unfolded as price … Continue reading
Markets Market movement: Going into today’s session, the Nasdaq Composite is down 3.3% for the week, the S&P 500 is 3% lower and the Dow is off 2.4%. Things don’t look any better in the pre-market session, with futures tied … Continue reading
Markets No blinking Expectations for a soft landing have gone out the window following the latest FOMC meeting on Wednesday. The question, now, appears to be how hard of a hard landing will there be. Things couldn’t have been more … Continue reading
Markets Super Size Me The Federal Reserve’s policymaking committee appears poised to boost its benchmark rate by 75 basis points today, making it the third straight increase of that size, according to the CME FedWatch tool. The measure, which is … Continue reading
Markets Rates are rising The 10-year Treasury yield crossed 3.5% on Monday for the first time since 2011, while the rate on the 2-year Treasury rose overnight to a 15-year high of 3.97%. The deep inversion and bearish run in the bond … Continue reading
Markets Look out below The market looks set for a lower open on Monday, with stock index futures down another 1% as investors display more nervousness about the Fed decision later in the week. The central bank is expected to raise interest … Continue reading