Markets Source: SeekingAlpha.com Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 10:00 Consumer Sentiment 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): Once again early strength could not hold as … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Durable Goods 8:30 GDP Q4 8:30 Initial Jobless Claims 10:00 Pending Home Sales 10:30 EIA Natural Gas Inventory 11:00 Kansas City Fed Mfg Survey 1:00 PM Results of $53B, 7-Year Note Auction 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar Hawks take flight How aggressive will the Fed be in its fight against inflation? Investors hope to get some answers today from Chair Jay Powell, who will take the podium at 2:30 p.m. ET. On watch … Continue reading
Markets The volatility edition Things are getting wild in equity markets as traders try to size up the latest outsized moves. A rowdy session on Monday saw the biggest Nasdaq comeback since 2008, as the index ended the day up 0.6% following … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index 9:45 PMI Composite Flash 1:00 PM Results of $54B, 2-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Long Liquidation hit the markets on … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Leading Indicators 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 3 (CD3): Once again morning rally secured a positive 3 Day Cycle Rally but failed to hold … Continue reading
Markets Tech correction Technology stocks are officially in correction territory after yesterday’s late Wall Street selloff. The tech and growth focused Nasdaq 100 (NDX) (NASDAQ:QQQ) fell more than 1% in the previous session, bringing the decline from its high to 10.2%, the typical … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits 8:55 Redbook Chain Store Sales 1:00 PM Results of $20B, 20-Year Bond Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior … Continue reading
Markets Volatility sticks around The rocky start to 2022 is continuing into earnings season as a jump in Treasury yields continues to unnerve investors. The 10-year Treasury yield climbed 6 basis points overnight to 1.83%, a level last seen two … Continue reading
Martin Luther King Jr. was an American Baptist minister and activist who became the most visible spokesman and leader in the American civil rights movement from 1955 until his assassination in 1968. … Continue reading