ETF Tracker Newsletter For July 28, 2023

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ETF Tracker StatSheet           You can view the latest version here. MARKET RALLIES ON POSITIVE NEWS, BUT INFLATION THREAT LOOMS LARGE [Chart courtesy of MarketWatch.com] Moving the markets The market was in a good mood today, thanks to some positive news on inflation and earnings. After the wild swings of yesterday, investors breathed a sigh of relief as the Fed’s …

Honeywell, Japan, And Bond Yields Spoil Dow’s Party

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[Chart courtesy of MarketWatch.com] Moving the markets The Dow Jones Industrial Average was on a roll this week, hitting new highs on hopes of a strong economy, tame inflation and solid earnings. But the party came to an abrupt halt on Thursday, when the index reversed course and plunged into the red. What happened? One culprit was Honeywell, whose shares …

Powell Talks Tough, But Markets See Through His Bluff

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[Chart courtesy of MarketWatch.com] Moving the markets The Fed finally raised the interest rate by 0.25%, as everyone expected. The markets cheered at first, but then realized that the party was over and went back to their gloomy mood. Only the Dow managed to stay positive by a hair. The problem was that the Fed didn’t sound too confident about …