Markets Markets celebrate Wall Street saw a stampede of buyers on Wednesday, as signs of cooling inflation sent the major averages soaring. The Dow Jones Industrial Average added more than 500 points, while the S&P 500 rose more than 2%, with all … Continue reading
Category Archives: PTG News
Markets Inflation peak? Today’s Consumer Price Index will provide the first look of inflation data for July, with market participants eager to see if the number topped out last month. Economists expect the figure to rise 8.7% Y/Y, down from … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Productivity and Costs 1:00 PM Results of $42B, 3-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): Prices failed to sustain a bid above the CD2 high, ultimately … Continue reading
Markets Economic Calendar 12:30 PM Investor Movement Index ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Wide range normal variation day unfolded as price searched for balance throughout the session. Range was 62 handles on … Continue reading
Markets Jobs day Investors and the Federal Reserve will get another glimpse into how strong the labor market is this morning when the Department of Labor releases its “employment situation” report at 8:30 a.m. ET. Economists expect non-farm payrolls to … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 12:00 PM Fed’s Mester Speech 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Opening Drive higher maintained solid bid … Continue reading
Markets Still hawkish Hawkish comments from several Fed presidents are countering a recent narrative taking hold of financial markets, in which policymakers would ease up on a recent tightening cycle given expectations of an economic slowdown. Stocks dipped on the remarks on … Continue reading
Markets Economic Calendar 10:00 Job Openings and Labor Turnover Survey https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Price did produce a decline for this cycle day, with low being established late in the … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 9:45 PMI Manufacturing Index 10:00 Construction Spending 10:00 ISM Manufacturing Index 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): Three-Day Cycle Objectives were fulfilled as price ended the … Continue reading
Markets Bad news is good news? While it’s not entirely clear whether a recession has begun, investors are now betting on a slightly more dovish Fed, with a more moderate pace of rate hikes. Slower growth expectations were displayed in the … Continue reading