[Chart courtesy of MarketWatch.com] 1. Moving the Markets A combination of mixed earnings results and sliding crude prices along with a pullback in the US dollar pulled the major indexes off their lofty levels. Other domestic news contributing to this slippery day were fewer than expected job openings, while gold bucked the trend and rose modestly along with bonds. As …
Bad News Is Good News Again; Worst Productivity Numbers In 37 Years
[Chart courtesy of MarketWatch.com] 1. Moving the Markets In the face of the worst productivity numbers in some 37 years, the markets did what they do best; rally! Although early enthusiasm gave way to a sell-off, the S&P 500 managed to climb back above the unchanged line by a fraction of a percentage after making new intra-day highs. But, investors …
Stocks Retreat In Directionless Trading
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks retreated a bit from last week’s record closes on the heels of an alleged strong jobs report. Equities, which had been stuck in a holding pattern after hitting fresh highs in late July, rallied Friday after the government reported that a better-than-expected 255,000 jobs were created in July. It was the second straight month …
One Man’s Opinion: A Psychiatric Diagnosis of the U.S. Market: Schizophrenic Disconnect From Reality, Bipolar Mania, Psychotic Delusions of Wealth
By Charles Hugh Smith If you think a delusional market is healthy, it’s time for a psychiatric exam. What diagnosis would an experienced psychiatrist offer when presented with the bizarre behavior of the U.S. stock market? We assume that the wild mood swings of greed and fear are “normal” for markets devoted to short-term profit and speculation, but the stock …
ETFs On The Cutline – Updated Through 08/05/2016
Below please find the latest High Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 367 High Volume ETFs ETFs, defined as those with an average daily volume >$5 million, of which …
ETF Tracker Newsletter For August 5, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08042016/ ———————————————————— Market Commentary ALGOS PLAY HEADLINE HOCKEY WITH JOBS NUMBERS [Chart courtesy of MarketWatch.com] 1. Moving the Markets On the surface, the jobs report was awesome as payrolls rose by 255,000 month over month compared to an expected 180,000 gain. June was revised upwards from 287,000 to 292,000 with the total upward revision for May …