Markets On recession’s doorstep Traders are hoping for some calm after the worst day for markets since the steep pandemic-driven volatility seen in 2020. The Dow (DJI) plunged nearly 1,300 points on Tuesday, leaving the index down 14% in 2022, while the benchmark S&P … Continue reading
Markets CPI update Economists are forecasting U.S. headline consumer price inflation for August to ease to 8.1% Y/Y from 8.5% in July, in a growing sign that the closely-watched index may have peaked at 9.1% in June. On the other … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 11:30 Results of $41B, 3-Year Note Auction 1:00 PM Results of $32B, 10-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): With the Positive 3 Day Cycle fulfilled, traders … Continue reading
Markets Economic Calendar 10:00 Fed’s Evans Speech 10:00 Wholesale Inventories (Preliminary) 12:00 PM Fed’s Waller Speech 12:00 PM Fed’s George Speech 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): As expected, this cycle day … Continue reading
Markets Economic Calendar 8:30 Initial Jobless Claims 9:10 Jerome Powell Speech 10:00 Quarterly Services Report 10:30 EIA Natural Gas Inventory 10:30 EIA Petroleum Inventories 12:00 PM Fed’s Evans Speech 3:00 PM Consumer Credit 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Goods and Services Trade 10:00 Fed’s Mester Speech 11:55 Fed’s Brainard Speech 2:00 PM Fed’s Barr Speech 2:00 PM Fed’s Beige Book https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The … Continue reading
Markets Economic Calendar 9:45 PMI Composite Final 10:00 ISM Service Index 12:30 PM Investor Movement Index ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Shortened US Holiday trading kept price quiet for the half-day session. following a … Continue reading
Markets The U.S. economy has been giving off mixed signals this year, with GDP falling for two straight quarters, while demand for workers outstrips supply. Fed Chair Jerome Powell has repeatedly called the labor market unusually strong in recent months, … Continue reading
Markets Economic Calendar 8:30 Initial Jobless Claims 8:30 Productivity and Costs 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending 10:30 EIA Natural Gas Inventory 3:30 PM Fed’s Bostic Speech ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Price … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 9:45 Chicago PMI 10:00 State Street Investor Confidence Index 3:00 PM Farm Prices https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories U.S. crude inventories rose by 593,000 barrels for the week ended Aug. 26. That … Continue reading