Market Loses Hope After Powell’s Speech: Inflation And Interest Rates Bite

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[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

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[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

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[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

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[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 …

ETF Tracker Newsletter For October 13, 2023

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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 …