[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street’s enthusiasm over the Federal Reserve’s interest rate hike proved short-lived as stocks sold off sharply today, led by the energy sector, after oil prices fell below $35 a barrel. Although equities rallied briefly at the opening bell and looked ready to build on a three-day winning streak, the gains quickly …
Rate Hike Receives Warm Winter Welcome; Oil Export Ban Lifted
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Heading into decision day for the Fed, skeptics warned that an increase in rates could cause market volatility and upheaval. Well, the exact opposite happened today as it seems that Wall Street bulls viewed the Fed’s rate hike as a sign of an improving economy. The question in my mind is as …
Stocks ‘Gearing Up’ For A ‘Winter Hike’
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks jumped Tuesday with the Dow gaining 157 points as the price of crude oil rallied for a second day and Wall Street awaits the Federal Reserve’s decision Wednesday on interest rate hikes. The Federal Reserve kicked off its two-day policy meeting Tuesday, and futures are pricing in a roughly 80% chance …
Stocks Gain Ahead Of Fed Meeting; Oil Edges Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks climbed at the last minute today ahead of Wednesday’s expected Fed rate hike as oil prices found some stability and edged higher. Oil sold on U.S. markets is priced slightly above $36 a barrel, up 1.7%, after futures slipped to below $35 a barrel earlier in the day. In recent days, …
ETFs/Mutual Funds On The Cutline – Updated Through 12/11/2015
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 36 (last week 110) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will A Sudden Jump In Wage Growth Trigger Faster Rate Hikes?
The US economy is likely going to be in the backdrop of a flatter yield curve for quite some time because the Fed is going to be raising rates, but they are going to be telling the markets that their end game is probably much lower than where they thought it was, said Ellen Zentner of Morgan Stanley. A lot …