[Chart courtesy of MarketWatch.com] 1. Moving the Markets Another rally in crude oil prices boosted energy, while residual goodwill after a dovish Federal Reserve meeting powered broader markets higher. Early in the day, the Dow Jones industrial average crossed into positive territory for the first time this year and stayed there, capping a remarkable comeback from Wall Street’s worst ever …
Fed Moves Markets—Domestic TTI Touches Its Trend Line
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks rallied modestly after the Federal Reserve left interest rates unchanged and signaled more gradual increases.Wall Street had expected the Fed to keep rates unchanged, but wanted clues as to the timing of the Fed’s next rate increase. The Fed lowered its plan to possibly two more hikes this year, down from four, for a …
Waiting For The Fed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended at par today as Wall Street reacted to a resumed slide in oil prices and braced for the Federal Reserve’s decision Wednesday on interest rates. A major driver of the recent stock market rally has been a sharp rebound in oil prices. But U.S.-produced crude has reversed course the past …
Going Sideways
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow, which is looking to extend its weekly winning streak to five, traded slightly higher as investors looked ahead to a key Fed meeting on interest rates later this week. We have a big week ahead of us. The Federal Reserve meets Tuesday and Wednesday and Wall Street will be closely monitoring its …
ETFs/Mutual Funds On The Cutline – Updated Through 03/11/2016
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 154 (last week 99) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Has The European Central Bank Failed To Boost Economic Growth In The EU?
Central banks around the world, especially the European Central Bank (ECB), have done a pretty good job of preventing the downside, but they really have not kicked up the upside with respect to economic growth, said John Silvia, chief economist at Wells Fargo Securities. Both growth and inflation expectations have been lower over time. There have been contradictions in the …