Index

Expectations have mounted for Fed Chair Jerome Powell to more clearly, if not officially, communicate a timeline to begin tapering the Federal Reserve’s monthly asset purchases at his Jackson Hole speech on Friday.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
It’s now less about a taper announcement, because it’s certainly coming, and more about the pace the Fed tapers its $120 billion in monthly asset purchases.
U.S. benchmarks finished off their worst levels yesterday and found not-so-hawkish comments from Fed Chair Jerome Powell to be supportive.
Despite a powerful finish, there was little follow through overnight and all 4 major U.S. benchmarks are lower at the onset of U.S. hours with the Russell 2000 leading.
Is inflation transitory? The debate is front and center. Data for July is expected to increase but at a slower pace than the last three months.
Federal Reserve wants to be able to taper assets, but the reemergence of another Covid wave has buoyed markets, specifically Tech, as it may elongate the Fed’s path.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
U.S. benchmarks again retreated at 3:00 a.m. CT. This time, it was on the heels of aggressive comments from China’s President Xi, who called for foreign countries to end their “bullying” of the communist nation.
Travel stocks, Financials, Industrials, and Energy have all suffered. However, we see the potential for a strong rebound in these sectors upon steady to slightly better economic data heading into the July 4th holiday.