Monday tactical indicators update
Stocks were lower for the second consecutive week, and the S&P 500 Index (SPX) lost 4.04%, its worst decline since the week ended June 17.
Read MoreEarly Monday look
S&P futures are trading below Friday's close amidst negative sessions in Europe and Asia overnight. Markets digesting lack of any dovish pivot at Jackson Hole.
Read MoreFed selloff
The S&P 500 Index (SPX) briefly traded in positive territory after the open before the broad-based selloff kicked into gear.
Read MoreLate Q2/22 earnings update
The second quarter 2022 earnings season is almost finished, with only fourteen companies in the S&P 500 (SPX) left to report earnings.
Read MoreInitial thoughts post Powell
Our initial thoughts following the short speech by Fed Chair Powell:
Read MoreInflation data a little softer
The report on Personal Consumption Expenditures (PCE), which the Federal Reserve uses for its inflation projections, showed the headline PCE y/y cooled from a 40-year high in July.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above their 10 & 50-day moving averages moved up with yesterday’s 1.41% gain in the SPX.
Read MoreTGIF early look
S&P equity futures are trading below Thursday's close, amidst European equities turning lower and Asian markets closing mostly higher overnight.
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