October 6, 2022

Markets:

U.S. stock futures dipped Thursday, as a massive rally to start the month eased, with rates ticking higher once again.

The benchmark 10-year rate climbed more than 1 basis point to 3.773%. The 2-year yield, which is more sensitive to monetary policy changes, rose 2 basis points to 4.14%.

Investors continue to monitor economic data to see if inflation is cooling off, or if the Federal Reserve’s rate hikes are pushing the U.S. closer to a recession.

Data from ADP showed that the labor market remained strong among private companies in September, when businesses added 208,000 jobs. That beat the 200,000 job estimate from Dow Jones. On Friday, the September jobs report from the Bureau of Labor Statistics will be released, giving the central bank and investors another piece of data.

Portfolio:

We enter the new trading session holding positions in BULZ, NBIX, EMVX, and PARA. We will be looking to potentially add today as the queue continue to ignite with new opportunities developing. We continue to watch our trend lines closely we identified for everyone. Bulls held 3750 yesterday and that is incredibly positive price activity for short terms movement. We now look to see if we can continue to build. Be ready today and let's have a great session.