Markets Futures were mixed overnight ahead of the Fed’s first economic projections of 2020 – due out at 2 p.m. ET. Nasdaq futures climbed 0.3%, while the Dow and S&P fell as much as 0.4%, reflecting a similar trade on Tuesday that … Continue reading
Markets Bull vs. Bear Speculative excess has surged to the highest in at least two decades among U.S. options traders and not a single stock in the S&P 500 index is down for the past 10 weeks. Source: Seeking Alpha https://seekingalpha.com/ … Continue reading
Markets Futures suggest equities are looking to extend a record rally at the open following the U.S. jobs report on Friday which smashed expectations and underpinned risk assets. A weekend agreement by OPEC+ to an extension of output cuts saw … Continue reading
Markets S&P 500 futures rebounded nearly 1% overnight, ahead of today’s nonfarm-payrolls report forecast to show more than 8M job losses in May and a surge in the unemployment rate to nearly 20%. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Non-farm payrolls1:00 PM Baker-Hughes … Continue reading
Markets The S&P 500 rose for a fourth straight day on Wednesday, trimming its YTD loss to just 3.3%, though futures are pointing to a lower open, down 0.6% at the time of writing. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 9:45 PMI Manufacturing Index10:00 ISM … Continue reading
Markets The sentiment led S&P 500 futures to tack on another 0.6% gain overnight Source: https://www.investing.com/indices/indices-cfds Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report9:45 PMI Services Index10:00 ISM Non-Manufacturing Index10:00 Factory Orders10:30 EIA Petroleum Inventories https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written 8 pm Tuesday evening … Continue reading
Markets Equities continue ascent U.S. stock index futures are ahead by 0.7%, erasing an earlier loss Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar Auto Sales8:55 Redbook Chain Store Sales Source: https://www.investing.com/economic-calendar/ S&P 500 (ES) Prior Session was Cycle Day 1 (CD1): Secure Low (3008) was … Continue reading
Markets Relief rally in Asia Things fared a lot better over in the Far East, with shares in Hong Kong and Shanghai surging 3.4% and 2.2%, respectively. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 9:45 PMI Manufacturing Index10:00 ISM Manufacturing Index10:00 Construction Spending https://www.investing.com/economic-calendar/ S&P 500 Prior Session … Continue reading
Markets In Europe, stocks have started the day off in negative territory, with the Stoxx 600 Index posting a 1.1% drop at midday. U.S. stock futures are pointing lower. The yield on the benchmark 10-year Treasury note was down to 0.67% and … Continue reading
Markets Dow and S&P 500 futures are looking to continue the surge seen Wednesday, rising as much as 0.5%, though Nasdaq futures were off slightly on word of an executive order against social media companies. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar … Continue reading