Nasdaq led the charge as SPX nearly filled the opening gap - now we just need 10 year yields back above 3.10
GVI Trader john 21:05:15 GMT - 12/06/2018
We will see if Powell has a signal to send to the market (see below). Keep an open mind. He might or might not say something.
GVI Trader john 21:03:11 GMT - 12/06/2018
Later today:
23:45 GMT (6:45 p.m)
Speech - Chairman Jerome H. Powell
Brief Welcoming Remarks
At the Housing Assistance Council's Rural Housing Conference, Washington, D.C.
Livingston nh 20:01:08 GMT - 12/06/2018
SPX trying to find its footing - 15 min chart MACD turned around Noon tested declining 21 unit MA and now trying to move above declining 40 unit MA, market internals off the lows BUT 52 wk lows were nearly 700 // 2675-80 for a close tgt
Daily chart MACD starting to rollover -- Powell and NFP could save Friday w/ a little help from Santa
Dollar needs rate panic to go away
GVI Trader john 18:35:06 GMT - 12/06/2018
My focus is on the word "brief". That suggests to me that Powell might be downplaying the significance of his remarks today. The next Fed meeting is less than two weeks away.
GVI Trader john 18:31:21 GMT - 12/06/2018
Later today:
23:45 GMT (6:45 p.m)
Speech - Chairman Jerome H. Powell
Brief Welcoming Remarks
At the Housing Assistance Council's Rural Housing Conference, Washington, D.C.
GVI Trader john 16:25:05 GMT - 12/06/2018
Odds for a 25bp Dec 19 rate hike now 64% vs. 76% late Tuesday. CB's getting nervous.
GVI Trader john 11:04:40 GMT - 12/06/2018
RISK-Off
CO $50.65 HOD (Wed = $54.56)
10s 2.894%
DJ -440
OPEC production cut due today. Expectations had been for a decline of 1.3mn bbd. Note Canada (not in OPEC) cutting production by 300K bbd due to capacity restraints. So talk now is for an OPEC cut of 1 mln bbd.
10-yr yield now well below the psychological 3.00% psychological level.
6 Thu Dec 2018 A All Day Final SVC PMIs A 13:15 US- ADP Private Jobs AA 13:30 US/CA- Trade A 13:30 US- Weekly Jobless AA 23:45 US- Powell Speech Fri 7 Dec 2018 A 10:00 EZ- GDP AA 13:30 US/CA- Employment A 15:00 US- Final Univ of Michigan
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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