Chicago PMI

Chicago PMI for ...

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
8:30am ETPersonal Spending / Income

PCE Prices - Street Sees -0.5%Earnings:

A. H. Belo Corporation (NYSE: AHC) – no consensus
Allete (NYSE: ALE) – consensus EPS $0.52
Alliant Energy (NYSE: LNT) – consensus EPS $0.77
Ameren Corporation (NYSE: AEE) – consensus EPS $0.99
American Axle & Manufacturing Holdings (NYSE: AXL) – consensus loss $0.38
AMERIGROUP Corporation (NYSE: AGP) – consensus EPS $0.49
Aon Corporation (NYSE: AOC) – consensus EPS $0.66
Apartment Investment & Management (NYSE: AIV) – consensus EPS $0.39
Arch Coal, Inc. (NYSE: ACI) – consensus EPS $0.04
Barnes Group (NYSE: B) – consensus EPS $0.21
Beasley Broadcast Group, Inc (NASDAQ: BBGI) – no consensus
Berry Petroleum Company (NYSE: BRY) – consensus EPS $0.29
BioScrip (NASDAQ: BIOS) – consensus EPS $0.10
Calgon Carbon Corporation (NYSE: CCC) – ...

One of my absolute favorite Wall Street-isms goes toward the short-term – no, make that A.D.D-like thought process that traders possess. It goes like this: Once is a trend; twice is a tradition; and three times is a commandment!

So, it looks like we just might have a new “tradition” in the stock market: Start each month with a big down day that scares the bajeebers out of anyone who has purchased stocks in the last two months. As Exhibit A, I offer August 3rd. The S&P plunged -2.2%, while the Dow dove nearly 200 points and the Russell Small Caps got clocked for more than -2.4%.

From there, though, the markets turned around within two days and proceeded to make a mockery of all those folks counseling caution for the market’s worst month of the year. Instead of heading for the hills, traders decided to discount better days ahead ...

The last day of the third quarter turned out to be one of mixed emotions. While the bulls could be happy about closing out the best quarter in more than a decade, some worries cropped up that managed to keep the celebration in check.

Stocks initially got a nice lift from the government’s final attempt at putting a number on the country’s Gross Domestic Product (GDP) for the second quarter, which by now seems like a lifetime ago to most investors. Instead of the economy falling at an annualized rate of -1.2%, the government reported that GDP contracted at a pace of just -0.7% during the quarter.

But the fun didn’t last long as traders were treated to a surprise from the Chicago Purchasing Managers Index. The index, which is designed to indicate economic activity in the region, was expected to come in with an increase of 2.5 points to reading ...

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
8:15am ET
ADP Employment ...