[Chart courtesy of MarketWatch.com] The stock market had a bad day on Thursday, thanks to Fed chair Powell’s party-pooper speech. He said that inflation was still too high for comfort, and that the economy might have to slow down a bit to cool it off. He basically said: We’re doing a great job at creating jobs and keeping prices stable. …
Gold Shines As Stocks Sink On Interest Rate Fears And Chip Woes
[Chart courtesy of MarketWatch.com] The stock market had a rough day on Wednesday, after the S&P 500 got too close to its glass ceiling and bounced back down. It was a busy day for earnings reports and rising interest rates, which made investors nervous and jittery. The 10-year bond yield jumped over 4.9%, the highest since 2007. That’s bad news …
Markets Ride The Roller Coaster Of Rising Yields And Earnings
[Chart courtesy of MarketWatch.com] The markets were like a roller coaster on Tuesday, as investors felt the heat from rising bond yields. But they also got some relief from the third-quarter earnings season that kicked off with a bang. The 10-year U.S. Treasury yield soared to 4.84%, the highest since Oct. 6 — when it was a hair away from …
Earnings Boost Stocks, Bond Yields And Middle East Woes Weigh
[Chart courtesy of MarketWatch.com] Traders had a lot on their plate on Monday: a flood of corporate earnings reports, rising bond yields, and simmering tensions in the Middle East. But they chose to focus on the positive and pushed stocks higher. The S&P 500 rose by about 1%, but it still faces a hurdle: the top of its downward trend …
ETFs On The Cutline – Updated Through 10/13/2023
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
ETF Tracker Newsletter For October 13, 2023
ETF Tracker StatSheet You can view the latest version here. STOCKS FALL ON FRIDAY AS INFLATION FEARS SPOOK INVESTORS: IS THE FED STUCK BETWEEN A ROCK AND A HARD PLACE? [Chart courtesy of MarketWatch.com] The markets had a roller coaster ride on Friday, as oil prices soared, and inflation fears spooked investors. Wall Street closed a turbulent week with …