[Chart courtesy of MarketWatch.com] It was a bad day for the S&P 500, as the bond market threw a tantrum and spoiled the party. The trigger was a disastrous 30-year bond auction, which saw foreign buyers flee. This was not the first time this year that the bond market was disappointed, but it was the worst. Stocks and bonds both …
S&P 500 Sneaks A Win, Small Caps Slump, Buffett Hoards Cash
[Chart courtesy of MarketWatch.com] The S&P 500 had a roller-coaster ride on Wednesday, as it barely kept its winning streak alive for the eighth day in a row. That’s the longest run since 2021. But Small Caps got hammered again, as they lagged the big boys. It seems that traders are betting on the Fed to take a break from …
Stocks Rally Again, But Is It A Fluke Or A Trend?
[Chart courtesy of MarketWatch.com] Stocks were snoozing early on, as traders took a nap after a wild rally on Wall Street to kick off November, but a sudden burst of energy pushed the major indexes back into the green. Tech stocks rose as yields retreated, with the yield on the 10-year Treasury note dropping about 7.5 basis points to 4.575%. …
Wall Street’s Rally Stalls As Fed Chair Powell Looms Large
[Chart courtesy of MarketWatch.com] The S&P 500 wandered around like a lost sheep on Monday, as Wall Street tried to keep up the good vibes from last week’s stellar performance. In the end, after a tiny surge, nothing much changed. Just to refresh your memory, all the major indexes had their best week of the year, starting November with a …
ETFs On The Cutline – Updated Through 11/03/2023
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 November 3, 2023
ETF Tracker StatSheet You can view the latest version here. JOBS REPORT FLOP, BOND YIELD DROP, STOCK MARKET POP: IS THIS A NEW BULL MARKET? [Chart courtesy of MarketWatch.com] The stock market had a blast last week, despite a dismal jobs report that sent bond yields and the dollar plunging. Investors cheered the alleged end of the Fed’s rate …