[Chart courtesy of MarketWatch.com] Moving the markets The morning, after the Fed’s announcement that it envisions two rate hikes in 2023, thereby subtly admitting that inflation may not be transitory, traders were shocked to see today’s market reaction, as this chart demonstrates. ZeroHege described it this way: Traders are watching in stunned amazement at what is going on in the …
Hawkish Fed Disturbs Bullish Sentiment
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed leaving interest rates unchanged for the time being, it was the outlook that disturbed the bulls today. Inflation expectations were raised to 3.4% for 2021, which is 1% higher than the March projection. The time frame as to when rate hikes might occur was moved to 2023, during which two …
Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the markets As I posted yesterday, more of the same was indeed how this session turned out. Traders stayed away from making new commitments and, due to lack of buying enthusiasm, the markets drifted aimlessly ahead of tomorrow’s Fed announcement. Although the major indexes wandered into the red, keep in mind that they are still …
Impending Fed Meeting Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets Red numbers were the theme this morning with the Dow and S&P 500 hovering below their respective unchanged lines with the former showing far more weakness than the latter. Resisting the early bearish mood was the Nasdaq, which maintained its bullish position, built on it throughout the session and ended it with a …
ETFs On The Cutline – Updated Through 06/11/2021
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 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For June 11, 2021
ETF Tracker StatSheet You can view the latest version here. Treading Water [Chart courtesy of MarketWatch.com] Moving the markets Throughout the past week, the major indexes having been treading water, and today was no exception. The S&P 500, while peeking again into record territory, managed to eke out a weekly gain of 0.37%. During this session, we saw the …