Powells

Futures: what to do before inflation data, Powell's speech

Market wipes out Powell’s speech gains; What to do now

Dow Jones futures fell early Wednesday, along with S&P 500 and Nasdaq futures. Tesla stock fell as the electric vehicle giant offered another price incentive in China. X The stock market rally saw another weak session, with Apple (AAPL) and Exxon Mobil (XOM) dropping below key levels on Tuesday as Amazon.co.uk (AMZN) and You’re here …

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A Hopium Stock Market Rally on Jerome Powell's Inflation Progress Report

A Hopium Stock Market Rally on Jerome Powell’s Inflation Progress Report

Image courtesy of StockCharts.Com The Federal Reserve releases a transcript of Powell’s speech on inflation and the labor market. Powell highlighted core personal consumption expenditure (PCE) inflation, noting that it is stubbornly high despite the Fed’s rate hikes. Powell’s key comments (emphasis mine) Core PCE year-over-year inflation stands at 5.0% in our October estimate, roughly …

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Stock market weakens at noon awaiting Powell's speech;  This IBD index surpasses

Stock market weakens at noon awaiting Powell’s speech; This IBD index surpasses

The stock market weakened at midday on Tuesday, sending the main indexes near the lows of the day. An apparent easing of Covid restrictions in China could not offset the stock market’s apprehension over the upcoming data and Jerome Powell’s speech. X The Nasdaq composite slipped 0.6% and the S&P 500 fell 0.4%. The Dow …

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Futures: what to do before inflation data, Powell's speech

Futures: what to do before inflation data, Powell’s speech

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold nearly 500 points on Monday. Investors will soon turn their attention to Wednesday’s speech from Fed Chairman Jerome Powell, as key inflation data is due out on Thursday. X Monday’s stock market weakness was due to a combination of …

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