Markets Futures contracts linked to the Dow, S&P 500 and Nasdaq are all starting the week up 0.4% as the debate over whether a $1.9T stimulus bill will prompt a serious pickup in inflation continues to play out in the markets. Bond … Continue reading
Markets Rising yields spook tech – again This morning, the 10-year Treasury yield is up another 7 bps, returning to the 1.6% level, triggering some fresh fears for investors. The developments saw stock futures decline overnight, led by tech shares, … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar nitial Jobless Claims 10:00 Job Openings and Labor Turnover Survey 10:30 EIA Natural Gas Inventory 1:00 PM Results of $24B, 30-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 was Cycle … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Consumer Price Index 10:00 Atlanta Fed’s Business Inflation Expectations 1:00 PM Results of $38B, 10-Year Note Auction 2:00 PM Treasury Budget https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories S&P 500 ***Written 8 pm Tuesday evening for … Continue reading
Markets The Nasdaq is leading the charge on Wall Street this morning, with futures tied to the index ahead by 2.5%, followed by a 1.2% advance for the S&P 500 and 0.6% gain for the Dow. It marks some renewed momentum for tech shares, which … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Wholesale Inventories (Preliminary) 12:30 PM Investor Movement Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Cycle Objectives were fulfilled as price closed strong to end the week. Range was … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Non-farm payrolls 8:30 Goods and Services Trade 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): Early rally attempt failed as price sharply reversed direction, selling down … Continue reading
Markets Stock futures inched between gains and losses overnight following another session that saw the major averages finish in the red across the board. The heavy losses continued to inflict pain on investors spooked by rising bond yields, Source: SeekingAlpha.com Economic … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 9:45 PMI Services Index 10:00 ISM Non-Manufacturing Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories S&P 500 ***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Tuesday’s Session … Continue reading
Markets Volatility may be making a comeback on Wall Street as stock index futures fell back overnight, down about 0.5%, following one of the best days since June. On Monday, the S&P 500 climbed 2.4%, the DJIA tacked on another 2%, while the … Continue reading