Stocks were mixed in overnight trading following the Presidential debate but were slightly higher going into the opening bell before stocks shot higher in early trading. In a very technical move, Treasury yields broke higher out of a consolidation pattern as investors still believe inflation is coming even though there is no lending growth to … Read more
Stocks and Treasury yields were quiet in overnight trading ahead of tonight’s Presidential debate. Stocks were up slightly in early trading while Treasury yields were down slightly in early trading. Redbook same-store weekly brick-and-mortar retail sales fell -0.3% last week and rose to +2.2% from this time last year as a sign consumers are starting … Read more
Despite no news on another stimulus package, stocks gapped higher in overnight trading and extended their overnight rally in early trading even as quarter-end rebalancing could send stock prices lower over the next several days. Treasury yields were flat in overnight trading and rose slightly in early trading. The dollar was down in overnight trading … Read more
Stocks rose in overnight trading and investors hit the bid in early trading to send stocks higher as they hope this is the bottom of a dip in stock prices. Treasury yields fell slightly in overnight trading and were holding their overnight drop in early trading. The dollar rose in overnight trading and was heading … Read more
Stocks fell in overnight trading but investors were eager to buy today’s dip which sent stock prices higher in early trading. Treasury yields fell in overnight trading and were holding their overnight drop in early trading. After a strong two-day showing, the dollar was flat in early trading. Initial jobless claims missed expectations with 870k … Read more
Stocks were mixed in overnight trading while Treasury yields were flat. Stocks were heading lower in early trading and Treasury yields higher, as investors continue to dump Treasuries in early trading as they have over the past two weeks. Despite investors selling Treasuries, they have not been able to successfully push 30-year Treasury yields over … Read more
Stocks rose and Treasury yields fell in overnight trading. Stocks were unable to hold their overnight gains in early trading, while investors continued to dump Treasuries in early trading as they have been for the past week. Redbook same-store weekly brick-and-mortar retail sales fell -0.9% from this time last week and rose +1.5% from this … Read more
Stocks and Treasury yields fell in overnight trading as uncertainty weighed on investor’s minds over the weekend. Stocks continued to fall in early trading, bonds were flat in early trading and the dollar shot higher in early trading. The Chicago Fed National Activity Index for August showed a continued above-trend expansion of the economy with … Read more
Stocks were quiet in overnight trading ahead of quadruple-witching day, a day when a large number of options contracts expire and volatility is usually high. Treasury yields fell in overnight trading but were immediately slammed higher at the market open. The University of Michigan’s Preliminary Consumer Confidence Survey for September showed an increase in consumer … Read more
Volatility spiked in overnight trading sending equity prices lower at the opening bell which lead to a flurry of buying as investors quickly bought the dip. Treasury yields fell in overnight trading which saw aggressive selling in early trading. Initial jobless claims missed expectations as +860k new claims were filed last week. Continuing jobless claims, … Read more