Markets Market trouble The April market selloff is continuing apace with China stocks falling to their lowest level in two years on Monday. Overnight, the Shanghai Composite plunged over 5% for its biggest one-day drop since February 2020, while WTI crude oil slipped … Continue reading
Markets From open to close, the S&P 500 Index (CASH: SPX) (ETF: SPY) (FUTURE: /ES) ended lower 95.38 (2.12%). (spotgamma) The Federal Reserve Chair Jerome Powell “blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening … Continue reading
Markets Economic Calendar 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 10:00 Leading Indicators 10:30 EIA Natural Gas Inventory 11:00 Jerome Powell Speech 12:30 PM Fed’s Bullard: U.S. Economy and Monetary Policy 1:00 PM Jerome Powell Speech 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 1:00 PM Results of $16B, 20-Year Bond Auction 2:00 PM Fed’s Beige Book https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories U.S. crude inventory unexpectedly declined last week, the API reported Tuesday, just as global growth … Continue reading
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