{"id":71120,"date":"2023-09-22T09:04:21","date_gmt":"2023-09-22T13:04:21","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=71120"},"modified":"2023-09-22T09:04:21","modified_gmt":"2023-09-22T13:04:21","slug":"coffee-with-greta-end-of-week-pop","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/09\/22\/coffee-with-greta-end-of-week-pop\/","title":{"rendered":"Coffee With Greta: End Of Week Pop"},"content":{"rendered":"

Register now<\/a> for next week's free trading Q&A with pro trader and Chartered Market Technician Andrew Moss!<\/strong><\/p>\n

DJIA Futures: <\/b>+39 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+15 (+0.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+93 (+0.6%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slightly higher but the market is still on track for big weekly losses.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Yields Slip<\/span><\/h2>\n

Treasury yields are slipping this morning as investors assess the future of the U.S. economy.\u00a0<\/span><\/p>\n

The 2-year yield is down 3 basis points at 5.12% while the 10-year yield is down 2 basis points at 4.47%.<\/span><\/p>\n

The slight pullback comes after both hit the highest levels seen since 2006 and 2007 on Thursday.\u00a0<\/span><\/p>\n

Government Shutdown Fears Intensify<\/span><\/h2>\n

Fears of a government shutdown intensified on Thursday as House Republican leaders sent the chamber into recess.\u00a0<\/span><\/p>\n

Congress has until the end of next week to pass a bill to fund the government.\u00a0<\/span><\/p>\n

But a rules vote on a Pentagon funding bill failed on Thursday, despite these bills typically being approved by wide margins.\u00a0<\/span><\/p>\n

Even if a funding bill were passed by the Republican-controlled House by next week, it would be unlikely to pass in the Democrat-controlled Senate.\u00a0<\/span><\/p>\n

But House Republicans are facing opposition from members of their own party in the lower chamber.\u00a0<\/span><\/p>\n

The market is concerned about the possibility of a government shutdown cutting into fourth-quarter GDP and undermining global confidence in the U.S.<\/span><\/p>\n

Oil Prices Rise On Fresh Supply Fears<\/span><\/h2>\n

Oil prices are back on the rise today amid renewed supply fears from Russia\u2019s fuel ban.\u00a0<\/span><\/p>\n

West Texas Intermediate crude futures are up 1% at $90.50 bbl with Brent crude futures up 0.8% at just over $94 bbl.\u00a0<\/span><\/p>\n

Russian state media said pipeline company Transneft has suspended diesel deliveries to the Baltic and Black Sea terminals of Permorsk and Novorossiysk.<\/span><\/p>\n

The country also temporarily banned gas and diesel exports to all countries except four ex-Soviet states to stabilize its domestic fuel market.\u00a0<\/span><\/p>\n

This ban comes on top of the extended production cuts from Saudi Arabia and Russia, putting more pressure on global supply.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Register now for next week’s free trading Q&A with pro trader and Chartered Market Technician Andrew Moss! DJIA Futures: +39 (+0.1%) SPX Futures: +15 (+0.4%) NASDAQ Futures: +93 (+0.6%) Good morning friends! Futures are slightly higher but the market is still on track for big weekly losses.\u00a0 Let\u2019s get right to it! Yields Slip Treasury yields are slipping this morning as investors assess the future of the U.S. economy.\u00a0 The 2-year yield is down 3 basis points at 5.12% while the 10-year yield is down 2 basis points at 4.47%. The slight pullback comes after both hit the highest levels seen since 2006 and 2007 on Thursday.\u00a0 Government Shutdown Fears Intensify Fears of a government shutdown intensified on Thursday as House Republican leaders sent the chamber into recess.\u00a0 Congress has until the end of next week to pass a bill to fund the government.\u00a0 But a rules vote on a Pentagon funding bill failed on Thursday, despite these bills typically being approved by wide margins.\u00a0 Even if a funding bill were passed by the Republican-controlled House by next week, it would be unlikely to pass in the Democrat-controlled Senate.\u00a0 But House Republicans are facing opposition from members of their own party in the lower chamber.\u00a0 The market is concerned about the possibility of a government shutdown cutting into fourth-quarter GDP and undermining global confidence in the U.S. Oil Prices Rise On Fresh Supply Fears Oil prices are back on the rise today amid renewed supply fears from Russia\u2019s fuel ban.\u00a0 West Texas Intermediate crude futures are up 1% at $90.50 bbl with Brent crude futures up 0.8% at just over $94 bbl.\u00a0 Russian state media said pipeline company Transneft has suspended diesel deliveries to the Baltic and Black Sea terminals of Permorsk and Novorossiysk. The country also temporarily banned gas and diesel exports to all countries except four ex-Soviet states to stabilize its domestic fuel market.\u00a0 This ban comes on top of the extended production cuts from Saudi Arabia and Russia, putting more pressure on global supply.<\/p>\n","protected":false},"author":41,"featured_media":71123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-71120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=71120"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71120\/revisions"}],"predecessor-version":[{"id":71126,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71120\/revisions\/71126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/71123"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=71120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=71120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=71120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}