ETF Tracker StatSheet You can view the latest version here. REBOUNDING ON THE LAST DAY OF THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets After four straight days of losses, stocks finally managed to find some bullish momentum, which pulled the major indexes out of a deep hole. They still ended the week with a loss, but Wall …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/04/2023
ETF Data updated through Thursday, May 4, 2023 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 …
Here We Go Again: The Next Cockroach Has Surfaced
[Chart courtesy of MarketWatch.com] Moving the markets Observing the markets daily, sometimes I have to laugh out loud, and at other times I simply have to shake my head in disbelief. The latter occurred yesterday, after Fed head Powell had announced that the banking system was “sound and resilient.” It was only a few hours later when the next cockroach …
The Fed Disappoints—Markets Sell Off
[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed raised their interest rate by 0.25%, but traders were more interested in the accompanying statement, and that’s where the disappointment came in. The statement was a hawkish pause, which signaled that “some additional policy firming may be appropriate,” as opposed to what traders had hoped for, namely “some additional …
Gravity Leaves Its Mark
[Chart courtesy of MarketWatch.com] Moving the markets After a flat session yesterday, gravity set in and pulled the major indexes into a deep hole, with the Dow being down over 500 points early on. A slow recovery helped lessen the pain, but in the end, losses exceeded 1% with the S&P 500 faring the worst. Right after the opening bell, …