[Chart courtesy of MarketWatch.com] Moving the markets The Dow bounced back from last week’s slump, but the S&P and Nasdaq barely budged as investors waited for inflation and earnings news. The CPI and PPI reports are due on Wednesday and Thursday, respectively, and could ease some inflation fears if they come in lower than expected. Meanwhile, big banks will kick …
ETFs On The Cutline – Updated Through 07/07/2023
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 July 7, 2023
ETF Tracker StatSheet You can view the latest version here. JOBS, WAGES, AND REVISIONS: THE GOOD, THE BAD, AND THE UGLY [Chart courtesy of MarketWatch.com] Moving the markets The June jobs report was a mixed bag for the markets. The economy added 209k jobs, less than the forecast of 240k, but wages grew faster than expected, raising fears of …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/06/2023
ETF Data updated through Thursday, July 6, 2023 How to use this StatSheet: Out of the 1,800+ ETFs out there, I only pick the ones that trade over $5 million per day (HV ETFs), so you don’t get stuck with a lemon that nobody wants to buy or sell. Trend Tracking Indexes (TTIs) These are the main indicators that tell …
Good Jobs Data Turns Sour For Stocks And Bonds
[Chart courtesy of MarketWatch.com] Moving the markets We all know the saying “when good news is bad news.” Well, today we got a reminder of what that means. ADP announced that private sector jobs jumped by 497k in June, smashing expectations and marking the biggest monthly gain since July 2022. That sounds like good news, right? Wrong. Because this report …
Bond Yields Rise, Dollar Gains, Stocks Struggle
[Chart courtesy of MarketWatch.com] Moving the markets The minutes of the Fed’s June meeting revealed why they decided to hold off on raising interest rates this time. But they also hinted that more hikes are coming in 2023, as they remain confident about the economic recovery. This made some traders nervous, as they were hoping for lower rates sooner rather …