Markets Market movement: Going into today’s session, the Nasdaq Composite is down 3.3% for the week, the S&P 500 is 3% lower and the Dow is off 2.4%. Things don’t look any better in the pre-market session, with futures tied … Continue reading
Category Archives: PTG News
Markets No blinking Expectations for a soft landing have gone out the window following the latest FOMC meeting on Wednesday. The question, now, appears to be how hard of a hard landing will there be. Things couldn’t have been more … Continue reading
Markets Super Size Me The Federal Reserve’s policymaking committee appears poised to boost its benchmark rate by 75 basis points today, making it the third straight increase of that size, according to the CME FedWatch tool. The measure, which is … Continue reading
Markets Rates are rising The 10-year Treasury yield crossed 3.5% on Monday for the first time since 2011, while the rate on the 2-year Treasury rose overnight to a 15-year high of 3.97%. The deep inversion and bearish run in the bond … Continue reading
Markets Look out below The market looks set for a lower open on Monday, with stock index futures down another 1% as investors display more nervousness about the Fed decision later in the week. The central bank is expected to raise interest … Continue reading
Markets Stock index futures point to another decline this morning following a tough past four sessions, with the market set to record its fourth down week out of the last five. The benchmark S&P 500 (SP500) is off 4% going into the … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 8:30 Retail Sales 8:30 Empire State Mfg Survey 8:30 Import/Export Prices 9:15 Industrial Production 10:00 Business Inventories 10:30 EIA Natural Gas Inventory 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 … Continue reading
Markets On recession’s doorstep Traders are hoping for some calm after the worst day for markets since the steep pandemic-driven volatility seen in 2020. The Dow (DJI) plunged nearly 1,300 points on Tuesday, leaving the index down 14% in 2022, while the benchmark S&P … Continue reading
Markets CPI update Economists are forecasting U.S. headline consumer price inflation for August to ease to 8.1% Y/Y from 8.5% in July, in a growing sign that the closely-watched index may have peaked at 9.1% in June. On the other … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 11:30 Results of $41B, 3-Year Note Auction 1:00 PM Results of $32B, 10-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 3 (CD3): With the Positive 3 Day Cycle fulfilled, traders … Continue reading