Markets It won’t be easy The Federal Reserve has implemented its largest interest rate hike since 1994, taking the threat of inflation seriously by intensifying its campaign against surging prices. Another 75 basis point hike – or a 50 bps move – … Continue reading
Markets What can I get you? Twelve FOMC policymakers walk into a central bank and order a pint of rate hikes. Behind the bar are three kegs with percentages of 50 bps, 75 bps and 100 bps. “How strong would … Continue reading
Markets Bear blues An intense selloff hit Wall Street on Monday as traders got rattled by worries of entrenched inflation and a possible recession. The S&P 500 slumped nearly 4% to enter a bear market, now off more than 21% from … Continue reading
Markets The ‘r’ word An increasing number of economists are now doubting the possibility of a “soft landing,” which would see the Fed get inflation under control without triggering an economic downturn. An ugly Monday is in store with traders … Continue reading
Markets CPI time The next big test for the markets arrives at 8:30 a.m. ET as the Bureau of Labor Statistics discloses its latest print on U.S. inflation. Traders already got nervous in the previous session, with the Nasdaq plunging nearly 3% and … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 1:00 PM Results of $19B, 30-Year Note Auction 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Choppy session as … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Wholesale Inventories (Preliminary) 10:30 EIA Petroleum Inventories 1:00 PM Results of $33B, 10-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories Source: http://Investing.com S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening … Continue reading
Markets Economic Calendar 8:30 Goods and Services Trade 1:00 PM Results of $44B, 3-Year Note Auction 3:00 PM Consumer Credit https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled during this rather … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 12:30 PM Investor Movement Index 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 pushed down to Key Support (4100) during a choppy two-way balancing session to end the week. … Continue reading
Markets Economic Calendar 8:30 Non-farm payrolls 9:45 PMI Composite Final 10:00 ISM Service Index 10:30 Fed’s Brainard Speech 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 Cycle Day 1 with low in-place … Continue reading