Markets Time for payrolls FOMC policymakers and investors will be closely watching the September jobs report this morning – released at 8:30 a.m. ET – for clues on how much the economy is slowing. Nonfarm payrolls are expected to slip … Continue reading
Category Archives: PTG News
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:50 Fed’s Mester Speech 10:30 EIA Natural Gas Inventory 1:00 PM Fed’s Evans Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Gap lower weakness found strong buy response … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 8:30 Goods and Services Trade 9:45 PMI Composite Final 10:00 ISM Service Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories U.S. crude inventories fell by 1.8 millon barrels for the week ended … Continue reading
Markets Is this the bottom? Hopes of bulls are rising that the stock market could be seeing capitulation after Wall Street saw the third-best start to Q4 since 1930. The major averages rallied sharply on Monday as bond yields (TBT) … Continue reading
Markets Bull killer During the third quarter of 2022, the Federal Reserve jacked up its key policy rate by 150 points across two meetings, accounting for half of its rate hikes since it started tightening policy in March. That, and … Continue reading
Markets Economic Calendar 9:45 Chicago PMI 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Normal CD2 as price successfully retested CD1 Low (3613), finding supportive bid. Range was 114 … Continue reading
Markets Sizzle or fizzle? U.S. stocks look ready to sing the bear market blues again this morning after the Bank of England shuffled sentiment with a dominant turnaround. Fearing a breakdown in market stability, the central bank on Wednesday promised to buy … Continue reading
Markets The Dow Jones slipped further into a bear market and the S&P 500 fell to its lowest level in almost two years on Tuesday, while the Nasdaq Composite inched higher, but is still off nearly 32% YTD Source: SeekingAlpha.com Economic Calendar 10:00 Pending … Continue reading
Markets S&P struggle The S&P 500 (SPY) closed Monday at a 2022 low of 3,655.04, but RBC Capital Markets argues the index could shed another roughly 4% to reach 3,500 – or even 3,050 if equities experience a 1970s-style meltdown. … Continue reading
Markets Economic Calendar 8:30 Chicago Fed National Activity Index 10:30 Dallas Fed Manufacturing Survey 12:00 PM Fed’s Bostic Speech 4:00 PM Fed’s Mester Speech 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 … Continue reading