Markets Financial markets went on a roller-coaster ride on Thursday as traders monitored the latest happenings in Ukraine, where Russia used air, land and naval forces for an invasion that shocked the world. WTI crude oil surged to more than … Continue reading
Markets Take cover The conflict in Ukraine is roiling many sectors across the globe, with investors fearing contagion in all parts of the market. Stock index futures in the U.S. dropped precipitously overnight, with contracts linked to the Dow and … Continue reading
Markets Correction territory U.S. indices managed to cut their losses on Tuesday, but the drop was still deep enough to push the S&P 500 into correction territory for the first time since Mar. 2020’s COVID-related selloff. The key index fell 1% during … Continue reading
Markets Tensions hit markets U.S. markets were closed for Presidents’ Day on Monday, but intensifying tensions between the West and Russia was on full display across the globe. Russia’s benchmark stock index, the MOEX, plunged 10.5% for its largest daily percentage decline … Continue reading
PTG is celebrating America’s Brave Leaders today. Daily Trade Strategy will be back on Tuesday. GOD BLESS AMERICA! … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Existing Home Sales 10:00 E-Commerce Retail Sales 10:00 Leading Indicators 10:00 Quarterly Services Report 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): Risk-Off was this cycle day’s theme, … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 10:30 EIA Natural Gas Inventory 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 CD1 as price declined during … Continue reading
Markets Stocks powered higher yesterday despite a PPI that showed U.S. wholesale prices in January soaring 9.7% from a year ago, more than twice analyst estimates and just short of the largest jump on record seen in May 2021. A … Continue reading
Markets De-escalation? U.S. stock index futures are riding the de-escalation sentiment, with contracts linked to the Dow ahead by 1.1%, and S&P 500 and Nasdaq up 1.4% and 2%, respectively. Hopes of averting an energy crisis also sent crude futures (CL1:COM) down nearly 3% to $92.69 … Continue reading
Markets The uncertainty has financial markets on edge, with the pan-European Stoxx 600 opening down 2.6% on Monday, while stock index futures in the U.S. also headed lower. In the energy sector, benchmark European gas prices soared as much as … Continue reading