Preview of Last Fed Meeting of 2017

The Federal Open Market Committee starts its final meeting of 2018 on Tuesday where its widely anticipated to increase its benchmark rate by one quarter percentage point marking the 3rd increase this year and 5th since the financial crisis. Read More

Red Hot Job Market Records 190K Additions

U.S. private sector businesses added 190K jobs in November which was in line with economists’ predictions ranging from 185K – 195K. November’s additions are down from October where 235K job additions were reported. However, this month over month drop came on the heels of only 18K employment gains in September as workers in hurricane torn areas in Texas and Florida were displaced. The surge in October stems from many of those workers returning to the workforce. Read More

Trading Potential E-Mini Spread Opportunities

The opening bell on November 29, 2017 produced an interesting trade pattern within the U.S. Cash Indices. The E-mini NASDAQ (NQ) futures contract turned lower with a significant amount of momentum while other typically correlated indices, such as the E-mini S&P (ES) and E-mini Dow (YM) recorded new all-time intraday highs. Read More

Job Growth Roars Back in October

Payroll management firm, ADP, released its non-farm October jobs report on Wednesday. According to the report, the private sector added 235K jobs in October, a 7-month high and 125K month over month increase from September. Economists expected an increase of roughly 200K jobs based on a sluggish September, which marked an 11-month low.Read More

November’s FOMC Preview

U.S. Federal Reserve policymakers begin a two-day meeting on Tuesday, October 31st. No major surprises are expected from November’s meeting likely having a minimal impact on the financial markets. According to the CME Group FedWatch Tool, there is only a 2% probability of a November rate hike, while December’s probability is a near certainty at 98%. Read More

Fed’s Aim to Unwind Balance Sheet

At the conclusion of the September FOMC meeting on Wednesday, experts predict the Committee will announce plans to unwind quantitative easing in effort to reduce the $4.5 trillion portfolio of treasury and mortgage bonds purchased during the Great Recession. Read More

June Employment Report Expectations

With the ADP report set to be released on Thursday, July 6th, there will be consecutive days of jobs data hitting the markets. The Labor Department will release their monthly nonfarm payroll assessment in the morning on Friday, July 7th. Experts are a bit divided this month based on the large expected range or 140k – 200k new jobs. Read More