With ADP reporting an increase of 219,000 new jobs in July, it’s a safe bet the official government number will also be strong. Read More
Mike Scinto
Mike started his investing career at 16, after becoming interested in stocks. Derivative products were a naturally progression, and a few years later was trading stocks and options while in college at Indiana University.
Mike joined the NinjaTrader Group, LLC Order Desk in February of 2015 and provides updates on critical expirations and contract roll dates for NinjaTrader Brokerage clients. He also monitors the markets for technical patterns, key support & resistance areas and more.
FOMC Expectations: Will the Fed Throw a Curveball?
Fresh off a strong GDP report of 4.1% Q2 growth, the markets are anxiously anticipating the August 1st FOMC meeting.Read More
Key Insights Ahead of June’s Jobs Report
With March and April’s lackluster growth being partially attributed to bad weather, a stronger performance in May was not a surprise. June’s report will indicate a potential trend of stable job growth or signal that May’s strong number was more of an isolated recovery from prior months.
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Expectations Ahead of June’s FOMC Meeting
As investors stood on the sidelines until the conclusion of the Trump-Kim summit in Singapore, all eyes turn to the Federal Reserve Policy meeting that kicks off on Tuesday.Read More
Key Insights Ahead of May’s Jobs Report
After a strong April report, May data is expected to continue the recent strength of job growth.
ADP reported growth of 178,000, slightly below the anticipated range for May. Non-farm payrolls are anticipated to grow between 155,000 and 220,000 with a consensus of 190,000.
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Key Insights Ahead of April’s Jobs Report
After a slowdown in March, largely attributed to finicky weather, April’s job and wage growth is set for a rebound. According to payroll processor ADP, 204K jobs were added to the economy in April. Expectations ahead of Friday’s closely watched nonfarm payroll report are 192K additions, up from only 103K in March. Read More
Rates to Remain Unchanged Ahead of FOMC Meeting
May’s Federal Open Market Committee Meeting concludes today at 2:00 pm et. With the recent run of positive economic data a more hawkish tone can be expected as the Feds demonstrate confidence in inflation growth.Read More
ADP – U.S. Adds 241K Jobs in March
The U.S. employment market remains strong as it heads for its 3rd consecutive month of gains.
After February’s solid showing of 313K new job additions, economists suggested the market could be hard pressed for a strong March to follow suit. However, according to payroll processor, ADP, March produced a total of 241K private sector jobs, beating expectations of 205K – 210K.Read More
Futures Flat as They Brace for FOMC Meeting
The Index Futures markets opened relatively flat on Tuesday as investors remain on the sidelines ahead of tomorrow’s newly appointed Fed Chair, Jerome Powell’s, first FOMC meeting.Read More
Market Retreated & Recovered Amid Recent Selloff
The global selloff continued on the open Monday after the DOW and S&P 500 both saw their worst days in two years. After the first hour of trading however, markets have rebounded to be flat or positive on the day. Still, they have a long way to go, the DOW in particular, after its 666-point selloff on Friday. Read More