Coffee With Greta: Rally Extends
Register now for this week's free trading Q&A on LinkedIn with options specialist Dan Darrow!
DJIA Futures: +14 (+0.04%)
SPX Futures: +7 (+0.2%)
NASDAQ Futures: +28 (+0.2%)
Good morning friends!
Futures are higher as the rally continues after the S&P 500’s best week of the year.?
Let’s get right to it!
Quieter Week
This will be a much quieter week for traders after last week’s marathon of the Fed decision, Apple (AAPL) earnings, and the jobs report.?
Several Fed officials are scheduled to speak throughout the week including two speeches from Chairman Jerome Powell on Wednesday and Thursday.?
Economic data for the week includes the September trade deficit on Tuesday, September wholesale inventories on Wednesday, weekly jobless claims on Thursday, and consumer sentiment on Friday.?
Earnings Slow
The earnings calendar is also a bit lighter this week.?
Here are some of the highlights:
Treasury Yields Turn Higher
Treasury yields are on the rise this morning as investors assess the future of interest rates after last week’s Fed decision.?
The 10-year yield is up 10 basis points at 4.62% with the 2-year yield up 3 basis points at 4.90%.?
Friday’s cooler-than-expected jobs report raised hopes that the Fed is done hiking rates.?
Cooling down the labor market has been a key point for the central bank in its fight against inflation.?
CME Group’s FedWatch Tool currently shows over 90% of traders expecting no rate hike at the December meeting.