It’s the last full week of the second quarter. The economic calendar is relatively light in the U.S., with housing data the most abundant. Existing home sales data is today and new home sales data …
Continue readingFITB
The headliner this week is the FOMC update at 2:00 pm EST on Wednesday, and Janet Yellen’s press conference to follow shortly afterwards. Certain Fed speakers have indicated a potential shift in the Federal Reserve’s …
Continue readingAfter last week’s busy economic calendar and the ECB’s aggressive action, this week ushers in a summer trading environment for several reasons (though volumes have been vacation-like for almost a month now). First, the economic …
Continue readingA much busier calendar this week than much of the past month. Globally, the most closely watched event will be the ECB meeting on Thursday. Most market participants are expecting a rate cut after Draghi …
Continue readingEconomic data in the U.S. is relatively light, with only a few relevant releases: retail sales on Tuesday, PPI on Wednesday, CPI on Thursday, Philly Fed on Thursday, and Housing Starts and Building Permits on …
Continue readingThere is a much lighter economic calendar this week compared to last week. The main event is the ECB rate decision on Thursday morning at 7:45 am EDT. Stateside Janet Yellen will be testifying before …
Continue readingSingle stock options volumes were once again anemic on Friday, as most large options volume was concentrated in macro ETFs. Some of the single stock standouts: 1. PFE – Pfizer has given up all of its …
Continue reading