Interactive Brokers Traders Insight

Since there are fewer than usual outside forces that could alter the market’s path, the motion, or inertia, could operate relatively unimpeded today.

The back-to-school season isn’t just producing frowns for some students, it’s also dealing investors with losses.

Consumer confidence rebounded this month despite households’ apprehension about stock market bumpiness, reduced employment opportunities and other headwinds

Yesterday it was the Harris Trade but today it’s the Trump trade as stocks attempt to bounce back from last week’s selloff by using any lever they can pull. But from a probability perspective, election odds haven’t changed much, with Trump still expected to handily become 47

Markets are pumping aggressively this morning as investors pray that the Fed follows its counterpart north of the border in cutting rates.

Plans for big-ticket purchases remained depressed with elevated prices, steep borrowing costs and reduced credit availability weighing on ordering activity. Finally, Americans called the odds for recession likely while CEOs were more sanguine, sustaining odds of roughly 35%.

Market participants are pressing the pause button on Wall Street’s recent stock rally as they sift through a buffet of remarks from Fed speakers. Federal Reserve speakers yesterday emphasized that the current fed funds rate is restrictive and is likely to continue to support disinflation, but more evidence is needed that price pressures are easing in a sustainable manner before the central bank lowers rates.

On the good news front, CPI was indeed modestly market friendly. Stocks took the lower yields as a good sign

Markets are rallying with this morning’s weaker-than-expected economic data dampening concerns of a prolonged journey across the monetary policy bridge.