ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09082016/ ———————————————————— Market Commentary TURBULENCE CREEPING INTO MARKETS [Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street got a big wake-up call Friday as fears on an interest rate hike were exacerbated by news from the Fed, which indicated that an interest rate hike is just around the corner. All three major indexes closed down …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/08/2016
ETF Data updated through Thursday, September 8, 2016 Methodology/Use of this StatSheet: From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …
Major Indexes Drift Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks slipped today as traders digested the decision by the ECB to keep interest rates unchanged and looked for fresh catalysts, as in more Fed stimulus, to propel the market higher. As analysts had expected, the European Central Bank decided to keep its key deposit rate unchanged at -0.4%, but also …
Nintendo Nudges Nasdaq Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today, but the Nasdaq notched another record closing high after the big Apple “unveiling” event, in which the gadget maker revealed the latest version of its popular iPhone, the iPhone 7. While all the spec upgrades are tempting, the real winner today was Nintendo (NTDOY). Apparently, Nintendo plans to release a version of …
Horrific Economic Data = Higher Stock Prices
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks remained in positive territory today, even after the weakest reading on the services sector of the economy in six years, as traders returned from the long holiday weekend. It seems that Wall Street is still digesting Friday’s August jobs report (which most investors say will keep the Federal Reserve from hiking …
One Man’s Opinion: Bank of Japan Prepares for Crash Triggered by Fed Tightening
By Wolf Richter, WOLF STREET No central bank of a developed country equals the Bank of Japan in trying to manipulate the stock market up by buying equities. The BOJ has done this for years. With breath-taking ineffectiveness. So on July 28, the BOJ announced another stock market pump-up scheme: it would nearly double its annual purchases of equity ETFs …