Markets Inflation nation Tech stocks got hammered again on Wednesday after the closely-watched Consumer Price Index soared 8.3% in April, which was more than the 8.1% estimate and close to the highest level in more than 40 years Economic Calendar … Continue reading
Markets Investors today are bracing for another inflation report north of 8%, though the number may provide some relief for those looking for the CPI to start cooling off. While April’s Consumer Price Index is expected to come in at … Continue reading
Markets Economic Calendar 7:40 Fed’s Williams Speech 8:30 Fed’s Bostic Speech 9:15 Fed’s Barkin: “Why We Care About Inflation” 1:00 PM Fed’s Kashkari Speech 1:00 PM Results of $45B, 3-Year Note Auction 3:00 PM Fed’s Mester Speech 7:00 PM Fed’s Bostic Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat … Continue reading
Markets A major selloff has plagued the Dow and S&P 500, while the tech-heavy Nasdaq has been in a bear market since March, with nearly half of the index’s constituents off more than 50% below their 52-week highs. Economic Calendar 8:45 Fed’s Bostic … Continue reading
Markets Market optimism continues to evaporate as headline after headline continues to roil investing sentiment. While there have been some relief rallies in recent sessions, or what some dub capitulation trades or a dead cat bounce, those have done little to … Continue reading
Markets Fed calm The Federal Reserve struck a more balanced tone that ignited a relief rally in stocks and bonds yesterday, assuaging fears that even bigger rate hikes would slam the brakes on the economy. The FOMC raised the fed … Continue reading
Markets Spotlight on Powell Federal Reserve policymakers have clearly telegraphed what they plan to do at today’s FOMC meeting before the latest blackout period began on April 23. Officials are set to hike rates by 50 basis points for the … Continue reading
Markets Topping 3% The 10-year U.S. Treasury yield has broke above 3% for the first time since December 2018 as the Federal Reserve is poised to hike interest rates and shrink its balance sheet to fight inflation. The recent climb … Continue reading
Markets Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): April ended on a sour note as month end institutional selling continued into the … Continue reading
Markets Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 9:45 Chicago PMI 10:00 Consumer Sentiment 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 1 (CD1): Early weakness successfully testing prior low zone … Continue reading