Markets Stressed out Later this afternoon, the Federal Reserve will release the results of its 2022 bank stress tests, which were established under Dodd-Frank regulations following the global financial crisis. All 34 U.S. banks with over $100B in assets will … Continue reading
Markets Rally fizzles That didn’t last long. U.S. stocks pulled off a strong rebound yesterday, with the S&P 500 advancing 2.5% for its strongest showing since late May. However, persistent worries about inflation and a potential recession still remain a concern for … Continue reading
Markets Economic Calendar 8:30 Chicago Fed National Activity Index 10:00 Existing Home Sales 11:00 Fed’s Barkin: “Monetary Policy & Inflation Webinar Series” 3:30 PM Fed’s Barkin Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Normal CD1 … Continue reading
Markets Another bloodbath rocked Wall Street yesterday as traders fully digested what an aggressive Fed will mean for the markets. The odds of a recession are rising fast with Jay Powell attempting to tackle inflation by reducing demand in a … Continue reading
Markets It won’t be easy The Federal Reserve has implemented its largest interest rate hike since 1994, taking the threat of inflation seriously by intensifying its campaign against surging prices. Another 75 basis point hike – or a 50 bps move – … Continue reading
Markets What can I get you? Twelve FOMC policymakers walk into a central bank and order a pint of rate hikes. Behind the bar are three kegs with percentages of 50 bps, 75 bps and 100 bps. “How strong would … Continue reading
Markets Bear blues An intense selloff hit Wall Street on Monday as traders got rattled by worries of entrenched inflation and a possible recession. The S&P 500 slumped nearly 4% to enter a bear market, now off more than 21% from … Continue reading
Markets The ‘r’ word An increasing number of economists are now doubting the possibility of a “soft landing,” which would see the Fed get inflation under control without triggering an economic downturn. An ugly Monday is in store with traders … Continue reading
Markets CPI time The next big test for the markets arrives at 8:30 a.m. ET as the Bureau of Labor Statistics discloses its latest print on U.S. inflation. Traders already got nervous in the previous session, with the Nasdaq plunging nearly 3% and … Continue reading