Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link WTI crude oil prices are continuing to advance at a rapid pace, climbing 8% over the last week and 18% since the start of the year. In fact, the energy … Continue reading
Markets How many hikes in 2022? Estimates on Wall Street now range from three rate increases all the way to seven, with the federal funds rate projected to end the year in a range of 1.25%-2.00% (the current effective floor is … Continue reading
Markets Buy the dip? Stock index futures are mixed ahead of final session for January, with contracts linked to the Dow and S&P 500 inching lower, and the Nasdaq up by 0.4%. A spate of volatility continues to unnerve traders and investors … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 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 2 (CD2): Once again early strength could not hold as … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Durable Goods 8:30 GDP Q4 8:30 Initial Jobless Claims 10:00 Pending Home Sales 10:30 EIA Natural Gas Inventory 11:00 Kansas City Fed Mfg Survey 1:00 PM Results of $53B, 7-Year Note Auction 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar Hawks take flight How aggressive will the Fed be in its fight against inflation? Investors hope to get some answers today from Chair Jay Powell, who will take the podium at 2:30 p.m. ET. On watch … Continue reading
Markets The volatility edition Things are getting wild in equity markets as traders try to size up the latest outsized moves. A rowdy session on Monday saw the biggest Nasdaq comeback since 2008, as the index ended the day up 0.6% following … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index 9:45 PMI Composite Flash 1:00 PM Results of $54B, 2-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 1 (CD1): Long Liquidation hit the markets on … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Leading Indicators 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 3 (CD3): Once again morning rally secured a positive 3 Day Cycle Rally but failed to hold … Continue reading
Markets Tech correction Technology stocks are officially in correction territory after yesterday’s late Wall Street selloff. The tech and growth focused Nasdaq 100 (NDX) (NASDAQ:QQQ) fell more than 1% in the previous session, bringing the decline from its high to 10.2%, the typical … Continue reading