Markets Source: SeekingAlpha.com Economic Calendar 8:30 Goods and Services Trade 8:55 Redbook Chain Store Sales 9:45 PMI Composite Final 10:00 ISM Service Index 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 price declined early … Continue reading
Markets Market on edge Get ready for a volatile October… The month, traditionally known for its ups and downs, didn’t disappoint traders overnight. S&P 500 futures opened the session solidly in the green on Sunday evening, only to fall 0.7%, before … Continue reading
Markets The S&P 500 finished the month off 4.8%, while the Dow and the Nasdaq slipped 4.3% and 5.4%, respectively. The losses – triggered by fears of inflation, slowing growth and rising interest rates – even led the S&P 500 to notch its worst … Continue reading
Markets Continuing some strength seen in the previous session, U.S. stock index futures all climbed another 0.14% overnight following a major selloff seen earlier in the week. The Dow and S&P 500 finished Wednesday up 0.2%, while tech stocks and … Continue reading
Markets U.S. stock futures turned higher overnight – Dow +0.6%, S&P 500 +0.8%, Nasdaq +1% – following heavy losses seen on Wall Street in the previous session. A spike in bond yields sent equities plunging, with the Nasdaq closing down nearly 3% for its worst day … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 International Trade in Goods (Advance) 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 8:55 Redbook Chain Store Sales 9:00 S&P Corelogic Case-Shiller Home Price Index 9:00 FHFA House Price Index 10:00 Consumer Confidence 10:00 Richmond Fed Mfg. 1:00 PM Results of $62B, 7-Year Note … Continue reading
Markets The S&P 500 (SP500) snapped a two-week losing streak last week. And while Treasury yields have been rising, that’s been more to do with the response to global central banks looking to remove accommodation. The deadline in the debt ceiling … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 New Home Sales 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): Price pushed higher post-Fed during morning session, but could not hold bid for long, … Continue reading
Markets As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot. And Fed chief Jay Powell telegraphed a tapering announcement at the next meeting in November. Tapering is expected to end around mid-2022 and liftoff could occur after … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Existing Home Sales 11:30 Results of $26B, 2-Year FRN Auction The Federal Reserve takes center stage, but the decision could well be a dud for a market that’s been hyping up big macro events lately. While … Continue reading