Markets 75-basis-point rate hike? St. Louis Fed President James Bullard said he wouldn’t “rule out” a 75 basis-point increase, “but it isn’t my base case.” The market has priced in a 50-basis-point hike for the May meeting, kicking off a … Continue reading
Markets Recession risks The Goldman Sachs economics team says that there is now a 35% chance of a U.S recession over the next two years, with the labor market a particular problem for the Federal Reserve. Source: SeekingAlpha.com Economic Calendar 10:00 NAHB … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 Retail Sales 8:30 Import/Export Prices 10:00 Business Inventories 10:00 Consumer Sentiment 10:30 EIA Natural Gas Inventory 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): Successful retest … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Producer Price Index 10:00 Atlanta Fed’s Business Inflation Expectations 1:00 PM Results of $20B, 30-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories U.S. crude stockpiles rose more than expected last week, the API … Continue reading
Markets CPI Day Inflation watchers this morning will be eyeing the Labor Department’s Consumer Price Index, which will be released at 8:30 a.m. ET. The CPI is expected to come in at a whopping 8.4% Y/Y for March Source: SeekingAlpha.com Economic … Continue reading
Markets Talk of the market Ahead of bank earnings and inflation data later in the week, investors are keeping their eyes on the 10-year Treasury yield, which continues to spike to multi-year highs. Early Monday, the rate climbed 5 basis … Continue reading
Markets Economic Calendar 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): Normal CD1 as price did produce a decline, as our Key Support (4450) held on retest. This cycle’s … Continue reading
Markets FOMC minutes All FOMC members are in agreement that the Federal Reserve will have to adopt a faster pace in shrinking its balance sheet than it conducted during the 2017-’19 period. “Participants generally agreed that monthly caps of about … Continue reading
Markets Treasury turbulence Investors have been hit with an early surprise before the release of today’s FOMC minutes, which were supposed to give some clues about a reduction of the central bank’s $9T balance sheet following a quarter-point rate hike … Continue reading
Markets U.S. stock markets have notched an impressive rally since mid-March, with the three major indices sailing out of correction territory in under two weeks. The Nasdaq pushed even higher on Monday, climbing 2% on sentiment surrounding Elon Musk’s big stake in … Continue reading