ETF Tracker StatSheet You can view the latest version here. TRADERS IGNORE BOND YIELDS AND JOBS REPORT, LIFT STOCKS FROM LOWS [Chart courtesy of MarketWatch.com] Moving the markets The markets had a crazy day, as traders shrugged off soaring bond yields and the stellar jobs report and pushed the major indexes from the red to the green. Maybe they …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/05/2023
ETF Data updated through Thursday, October 5, 2023 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
Will The Jobs Report Be A Trick Or A Treat For The Market?
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes tiptoed on Thursday, waiting for the big reveal of the jobs data on Friday that could make or break interest rate policy. Weekly initial jobless claims were 207,000 for the week ending Sept. 30, a measly 2,000 more than the previous week. Economists had predicted 210,000. The tiny bump in …
A Break From The Bleak: S&P 500 Rebounds As Treasury Yields Retreat From Multiyear Highs
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 had a rare, good day on Wednesday, as investors breathed a sigh of relief when Treasury yields retreated from their highest levels since 2007. The catalyst was a disappointing jobs report that showed the labor market was not as hot as expected. But don’t get too excited because this could …
Bond Yields Spike To New Highs, Stocks Plunge To New Lows
[Chart courtesy of MarketWatch.com] Moving the markets The stock market plunged today as bond yields soared to new highs. The trigger was the August job openings report, which showed a record-breaking 9.61 million vacancies in the U.S. economy. That’s a whopping 690,000 more than the previous month, and the largest jump since July 2020. The 10-year Treasury yield settled at …
Market Shrugs Off Shutdown Drama And Braces For More Rate Hikes
[Chart courtesy of MarketWatch.com] Moving the markets The stock market was in a bad mood on Monday, even though the politicians managed to avoid a government shutdown at the last minute. The market ended the day flat, like a pancake. The small-cap stocks were especially unhappy, as the Russell 2000 index dropped 1.7% and turned red for the year. This …