Markets Futures were already dipping into the red after the Nasdaq Composite notched a fresh record high, though contracts tied to the S&P 500 are now pointing to a 1% decline on worries about a wider transatlantic trade fight. Source: SeekingAlpha.com Economic Calendar 9:00 FHFA … Continue reading
Markets U.S. stocks are likely to continue their climb higher today, with futures tied to the S&P 500 ahead by 0.8%, as manufacturing and services sectors begin to recover from lock-downs. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:55 Redbook Chain Store Sales9:45 PMI … Continue reading
Markets Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 10:00 Existing Home Sales Source: https://www.investing.com/economic-calendar/ S&P 500 Friday’s Session was Cycle Day 3 (CD3): Price fulfilled Positive 3 Day Cycle Statistic before reversing early strength to sell down during afternoon session with QUAD Witching Options Expiration. … Continue reading
Markets Looking for a catalyst after a muted session on Thursday, U.S. stock index futures advanced 1% overnight after hugging the flatline for most of the session. Source: SeekingAlpha.com Economic Calendar 8:30 Current Account10:15 Fed’s Rosengren: U.S. Economy12:00 PM Fed’s Quarles: “Stress Testing”1:00 PM Jerome Powell Speech1:00 PM Fed’s … Continue reading
Markets Futures wavered between slight gains and losses overnight as investors track an uptick in new COVID-19 cases against the reopening of the economy. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Initial Jobless Claims8:30 Philly Fed Business Outlook10:00 Leading Indicators10:30 EIA Natural Gas Inventory … Continue reading
Markets The Fed’s moves to backstop credit markets, combined with a rebound in U.S. retail sales and prospects for COVID-19 treatment dexamethasone appear to have put a floor under equities (for now) as futures rose modestly in overnight trading. Source: Seeking … Continue reading
Markets A big turnaround on Wall Street was seen Monday as the S&P 500 erased a 2.5% drop on word that the Fed would begin buying individual corporate bonds, on top of the ETFs it’s already snapping up (see more below). Futures are … Continue reading
Markets S&P 500 futures (SPX) started the night off more than 3%, before paring losses to 1.5%, as the choppy trading continues following Thursday’s brutal selloff and Friday’s partial rebound. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Empire State Mfg Survey11:00 Fed’s Kaplan: “The … Continue reading
Markets Thursday was an ugly day (IF YOU WERE LONG) on Wall Street, as stocks posted their worst day since March, though some of the massive losses might be recouped as S&P 500 futures rebounded 2% overnight. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 8:30 Import/Export … Continue reading
Markets U.S. stock index futures, along with global stocks, are taking another turn for the worse as investors cash out of an extraordinary rally following the latest comments from Fed Chair Jerome Powell. The Fed sees GDP plunging 6.5% in … Continue reading