The Closing Print live trading and financial blog during market hours.

Federal Reserve Chairman Jerome Powell will be giving his two day, semiannual monetary policy report to Congress, this week, starting at 10AM EST Tuesday.

Futures are flat to higher this morning.

Monday’s action: 

Early gains fade; small caps lag

Distribution Days

4 on S&P 500, 3 on Nasdaq

Leaders Up in Volume:


Leaders Down in Volume:


Investors Await Jerome Powell Testimony

Fed Chair Jerome Powell’s prepared remarks will be released at 9:00 AM, with many thinking this testimony will enlighten very little of what s already known. The FED “is measured” and will likely stick with atleast 4 more 25bp hikes going forward.

In addition, we are looking towards the next FOMC meeting on March 21-22. “Federal funds futures traders have priced in a quarter-point hike, yet the odds for a 50bp hike have risen to nearly 35%, up from 24% a week ago.” Investors Business Daily

U.S. stock markets appear more confident that the Fed will be able to tame inflation without sending the U.S. economy into recession. That said, a hawkish tone this week from Powell wouldn’t be surprising as recent readings on inflation have revealed stubbornly high prices amid strong hiring and consumer spending.


Join us today in the trading room for our LIVE broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading, 


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