[Chart courtesy of MarketWatch.com] Moving the markets An early rally, supported by Biden’s announcement that he would renominate current Fed chair Powell to continue leading the Federal Reserve over Fed governor Brainard, a more dovish choice, reversed and turned into a puke-a-thon. MarketWatch explained: Powell, a former private equity executive, slashed interest rates to near zero and implemented emergency asset …
ETF Tracker Newsletter For November 19, 2021
ETF Tracker StatSheet You can view the latest version here. LIMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets In a similar fashion to yesterday, the markets chopped around with the Dow again being the weakling, while the S&P clung to its unchanged line, but the Nasdaq continued its ascent to higher prices and gained 0.40%. With …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/18/2021
ETF Data updated through Thursday, November 18, 2021 Methodology/Use of this StatSheet: 1. 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. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Stalling Near Record Highs
[Chart courtesy of MarketWatch.com] Moving the markets The bulls took a breather today and lost a tug-of-war pitting a continuation of strong earnings against persistent inflation anxieties. At least for this day, the dip buyers were conspicuously absent causing the major indexes to give back some of their recent gains. For the week, the Nasdaq has been sprinting ahead with …
Finding A Catalyst
[Chart courtesy of MarketWatch.com] Moving the markets An initial bounce caused by strong October retail sales, as well as better-than-expected earnings report cards from Home Depot and Walmart, ran into some resistance mid-day, but the major indexes still managed to eke out a gain. Leading the pack was the Nasdaq with a solid 0.76% advance, while the Dow lagged and …
Slipping And Sliding
[Chart courtesy of MarketWatch.com] Moving the markets One look at the chart above tells the entire story, namely that the markets were aimlessly wandering, as bond yields reversed and spiked, which kept any bullish meme in check. On deck, and awaited with some anxiety, are the quarterly reports from the big box retailers due out later this week. Inflation remains …