Markets U.S. stock index futures continue to point green, albeit slightly, following an eventful meeting in Jackson Hole on Friday. Investors were quick to highlight the dovish stance of Fed Chair Jerome Powell Source: SeekingAlpha.com Economic Calendar 10:00 Pending Home Sales 10:30 Dallas … Continue reading
Markets Powell takes the stage We’ve been hearing about it all week, but the moment has finally arrived. All eyes will be on Fed Chair Jerome Powell this morning as he speaks at the central bank’s annual economic symposium in … Continue reading
Markets Pausing for breath Stocks notched another round of fresh highs on Wednesday, before taking a breather in the overnight session. Meanwhile, U.S. equity futures are staying close to the flatline this morning as the highly anticipated Fed economic symposium … Continue reading
Markets Another day, another record The S&P 500 notched its 50th record close of 2021, while the Nasdaq hit the 15,000 milestone. U.S. equity futures were marginally higher in the overnight session, with traders all pointing to the Fed’s annual … Continue reading
Markets Economic Calendar 10:00 New Home Sales 10:00 Richmond Fed Mfg. 1:00 PM Results of $60B, 2-Year Note Auction 1:00 PM Money Supply ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior session was Cycle Day 1 (CD1): Shallow decline during globex sent futures galloping … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 9:45 PMI Composite Flash 10:00 Existing Home Sales \https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Price fulfilled 3 Day Cycle Statistic as well as Cycle Objective. Range to end the … Continue reading
Markets Party goes on Prince – 1999 The mother of all crashes? No bubble at all? Fed taper concerns and the spread of the Delta variant don’t seem to be able to weigh on sentiment for more than a day … Continue reading
Markets U.S. stock futures slid another 1% overnight on the news, after the major averages closed 1% lower on Wednesday. Things don’t look better in Europe, where the Euro Stoxx 50 fell over 2%, or in Asia, where the Hang Seng closed down by the … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts 1:00 PM Results of $17B, 20-Year Bond Auction 2:00 PM FOMC Minutes https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories S&P 500 ***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The … Continue reading
Markets Stock futures slipped 0.5% overnight after the S&P 500 notched a fresh milestone during its fifth consecutive positive session. The benchmark index has now doubled from a closing low hit on March 23, 2020 Source: SeekingAlpha.com Economic Calendar 8:30 Retail Sales 8:55 Redbook Chain … Continue reading