Futures are up moderately ahead of housing data on a continuing pullback in interest rates. continued for members… … continue reading →
Tag Archives: oil
Futures are struggling after an overnight ramp job driven by VIX’s retreat from its 200-day moving average. Aside from the technicals, we see more and more analysts echoing our view that a rate cut makes little sense at this time. Our charts indicate three distinct and very concerning tripwires for equity investors which, depending on … continue reading →
Futures are flat as we enter the final month of a pretty solid year. Questions remain, however, regarding the economy’s ability to withstand the coming policy changes. continued for members… … continue reading →
Futures are off modestly on a slow news day as investors continue to game out how the election will affect their portfolios. continued for members… … continue reading →
Futures are flat ahead of tomorrow’s CPI print. Yesterday’s price action put ES in the most ambiguous position possible: poised for a reversal or a breakout. continued for members… … continue reading →
Futures have rebounded almost .50% after testing recent lows yesterday. Traders remain focused on tomorrow’s FOMC minutes and Thursday’s CPI print. continued for members… … continue reading →
Futures are slightly lower on the last day of a pretty impressive Q3 at +8.7%.Can the rally keep going in October? continued for members… … continue reading →
Futures are up slightly ahead of another data-heavy week: S&P Services and Manufacturing PMIs today, Philly Fed Non-Manufacturing, Richmond Fed, and the Conference Board confidence data tomorrow, and Initial Jobless Claims, Q2 GDP, and Core PCE later this week. continued for members… … continue reading →
August nonfarm payrolls came in at 142k versus 165k expected while the unemployment rate ticked lower to 4.2%, underscoring the Fed’s assessment that the economy is slowing enough to justify a 25 bps rate cut later this month. Futures rallied on the news and are slightly higher after tagging our next downside target overnight. Just … continue reading →
Futures are flat this morning following unemployment data that supports the widely held expectation of a rate cut when the FOMC meets Sep 17-18. The algos are presently concerned with the yield curve, which continues to warn of further downside, tomorrow’s jobs report, and a pesky gap which refuses to be ignored. continued for members… … continue reading →