The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:
Before Market Opens:
Economics:
8:15am ET
ADP Employment Change for May - Street expects down 525,000Earnings:
Joy Global (Nasdaq: JOYG) - ...
Another One Day Wonder?
The bulls took a breather yesterday and don’t look now, but the S&P 500 has actually finished lower two of the last three days. So, is this a reason for panic? Is it a sign that the much ballyhooed retest of the lows is about to begin? Is the bull dead?
The answer to all three questions, which were written with tongue firmly implanted in cheek, is: Of course not. Everyone who has ever looked at an oscillator knows that stocks have become overbought, that sentiment has become more than a little frothy in certain areas, and that a pullback lasting more than a couple hours was likely to crop up at some point. Thus, it seemed all the bears needed was a reason to get the selling party started.
So, yesterday morning when Ben Bernanke talked about the importance of the Fed removing its programs ...
All About Redemptions
In looking at Wednesday’s thrashing, there appear to be so many reasons and so little time this morning – so, let’s get right to it. The Dow plunged another 514 points yesterday and in the process, scared the bajeebers out of just about everyone that still happens to own any stock at all. After briefly flirting with some performance anxiety this week during the market’s upside adventure, all of a sudden any exposure to stocks feels wrong again. And with the S&P breaking down to a fresh new low, albeit by just a hair, fear made a triumphant return to the corner of Broad and Wall yesterday.
The good news is that the credit markets continue to, as they are now saying on Wall Street, “thaw.” In short, this means that rates for short-term funding (such as commercial paper) have become a little more reasonable again, which ...
Before Market Opens:
Economics:
8:15 AM ET
ADP Employment Report for August - Street expects down 30K, compared to up 9K in July8:30 AM ET
Initial Jobless Claims for the week of 8/30 - Street expects ...
