Markets H2 kickoff Cyclical shares are leading the market higher again as Wall Street begins the second half of 2021. The Dow closed up 0.6% yesterday, with futures tied to the index tacking on another 0.2% overnight, while the Nasdaq finished in the … Continue reading
Markets End of the first half The market has recorded a strong run in 2021, with the S&P 500 on track to register its fifth straight month of gains. The Nasdaq is also headed for its seventh positive month in … Continue reading
Markets Reconsidering reflation Big Tech and growth stocks led the market higher on Monday as the reflation trade took a backseat. Traders are now wondering if that will be the case going forward after the Fed caught some off-guard two … Continue reading
Markets Little changed The major averages are hovering close to record highs after the S&P 500 notched its largest weekly advance since February. Traders appear to be growing more confident that U.S. inflation trends are not a sustained economic threat … Continue reading
Markets Key inflation report Dow futures retained their edge overnight as President Biden announced an agreement on a bipartisan infrastructure plan. Contracts linked to the index climbed 0.3%, though the other averages weren’t far behind, with the S&P 500 inching up 0.1% and … Continue reading
Markets Some rotation? While the S&P 500 snapped a two-day winning streak on Wednesday, momentum continued overnight, with futures tied to the benchmark index – as well as the Dow and Nasdaq – climbing 0.5%. It comes ahead of the latest … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar PMI Composite Flash 9:45 AM ET New Home Sales 10:00 AM ET https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link EIA Petroleum Status Report 10:30 AM ET S&P 500 ***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The … Continue reading
Markets Awaiting Powell Following a big day for U.S. equities on Monday, where the Dow took back its lead to close nearly 2% higher, stock index futures are debating their next direction. The wary atmosphere comes before Powell makes his next … Continue reading
Markets Reflation trade in focus U.S. stock index futures are now in the green, up 0.6% in overnight trade. Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle … Continue reading
Markets Overnight, Dow and S&P 500 futures hugged the flatline, while contracts tied to the Nasdaq rose 0.2%. Source: SeekingAlpha.com 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 2 (CD2): Price … Continue reading