Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending 10:00 Powell testifies before the committee on financial services 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 S&P 500 … Continue reading
Markets Following a brief rebound on Monday, Dow futures fell over 500 points overnight, while contracts linked to the S&P 500 and Nasdaq slipped 1.1% and 0.5%, respectively. WTI crude oil (CO1:COM) is also off 3.6% to $67.42/bbl, while the 10-year Treasury yield fell 10 bps to … Continue reading
Markets Futures for the three major U.S. stock averages rose overnight as investors considered the potential effects of the Omicron variant. Stocks previously sold off on Friday, with Wall Street suffering its worst day in more than a year, in … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Durable Goods 8:30 GDP Q3 8:30 International Trade in Goods (Advance) 8:30 Initial Jobless Claims 8:30 Corporate profits 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 10:00 New Home Sales 10:00 Personal Income and Outlays 10:00 Consumer Sentiment 10:00 State Street Investor Confidence Index 11:00 Survey of … Continue reading
Markets Powell stays on Treasuries yields and the dollar spiked, gold sold off and stocks rose and fell towards the end of the session on Monday after Jerome Powell was nominated for another four-year term at the Federal Reserve. The … Continue reading
Markets Holiday-shortened week If history is any guide: “The entire week of Thanksgiving has averaged a 60 basis point, or 0.60 percentage point, advance for the S&P 500, with the best returns coming on Wednesday and Black Friday. The week … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 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 CD1 unfolded as decline pushed price lower fulfilling the average decline objective (4672) as outlined in … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:00 E-Commerce Retail Sales 10:00 Leading Indicators 10:30 EIA Natural Gas Inventory Source: SeekingAlpha.com https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): We had marked this day as a “wild-card”. … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits 1:00 PM Results of $23B, 20-Year Bond Auction 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 … Continue reading