Try as it may, the S&P 500 is finding it difficult to stay above that critical 2,800 level. In Tuesday’s trading session, the benchmark index made another run above 2,800 intraday, but much like Tuesday it sold off into the closing bell. Chairman Jerome Powell will continue with his testimony before Congress today and after…
It was a huge day of VIX trading on Monday with VIX options and futures volume soaring. The bottom line is that hedging programs were deployed on scale given the relative low level/inexpensive hedges that could be afforded and with the S&P 500 achieving the 2,800 level intraday. Most of the hedging activity and upside…
By: TONYA GARCIA of MarketWatch Walmart Inc., which reports fiscal third-quarter earnings on Thursday before the bell, is bringing together a variety of services and shopping experiences to create a new kind of retail experience, analysts say. Cowen analysts, writing after last month’s investment community meeting, said the retail giant is using its scale, global growth…
In our most recent research report (subscription required), we disseminated the weekly expected move for the S&P 500 starting the week of 11/12/18. As shown in the screenshot below, the weekly expected move is $50… and we got every bit of that weekly move in the very first trading day of the week. The major…
And when the markets head lower, the rhetoric surrounding Turkey’s debt and lira exacerbate. That pretty much sums up yesterday’s global equity market trading and media focus with most markets sharply lower, including U.S. indices. The reality surrounding Turkey’s current debt and currency woes is nothing new and seen many a time before. The debt…
Wall Street is looking to open lower on the heels of Home Depot missing on the top line and monthly retail sales data from the Census Bureau. Let’s get to that headline data firstly as we’ve entered the retail earnings season. April retail sales rose 0.3 percent (±0.4 percent)* from the previous month, and 4.7…
