Markets Source: SeekingAlpha.com Economic Calendar 8:30 Non-farm payrolls 8:30 Goods and Services Trade 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): Early rally attempt failed as price sharply reversed direction, selling down … Continue reading
Markets Stock futures inched between gains and losses overnight following another session that saw the major averages finish in the red across the board. The heavy losses continued to inflict pain on investors spooked by rising bond yields, Source: SeekingAlpha.com Economic … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 9:45 PMI Services Index 10:00 ISM Non-Manufacturing Index 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 Opening Print” publication. Tuesday’s Session … Continue reading
Markets Volatility may be making a comeback on Wall Street as stock index futures fell back overnight, down about 0.5%, following one of the best days since June. On Monday, the S&P 500 climbed 2.4%, the DJIA tacked on another 2%, while the … Continue reading
Markets The biggest monthly rise in bond yields since 2016 injected fresh uncertainty into the market, bruising technology stocks and triggering volatility streaks that saw the DJIA swing more than 1,000 points over three days. Things appear to be turning … Continue reading
Markets Stock markets obeying the yield sign Wall Street looks to get its sea legs back at the open today after being whipsawed by interest rates. U.S. stock index futures are mixed, while Treasury yields are easing early following a … Continue reading
Markets Yields, reflation, stimulus, earnings Another market record for 2021 was seen Wednesday as the Dow Jones Industrial Average surged 424 points to a new record close. Rotation players were also happy to see the index as the only major average in … Continue reading
Markets Powell returns to Capitol Hill Reassuring comments from Jerome Powell helped stocks recover on Tuesday following steep losses earlier in the day. The Nasdaq ended the session down 0.5%, after falling as much as 4%, while the Dow staged a massive … Continue reading
Markets Nasdaq set to continue losing streak The tech sector looks poised for another down day, fueled by fears about inflation and rising long-term interest rates. That could lower the present value of future earnings and undercut arguments for elevated … Continue reading
Markets Rising yields While the S&P 500 is coming off its first losing week in three, the market is going into the final week of February with solid gains. The Dow and S&P 500 have already climbed more than 5% this month, … Continue reading