[Chart courtesy of MarketWatch.com] Moving the markets The markets were in a frenzy as the debt ceiling deadline loomed closer. Speaker McCarthy blamed the other side for delaying the talks and hoped for some progress today. Yeah, right. The uncertainty drove the investors to dump their stocks and bonds, sending the major indexes lower for the second day in a …
Debt Ceiling Drama Drags Down Markets
[Chart courtesy of MarketWatch.com] Moving the markets The clock is ticking for the US government to raise the debt ceiling, but there is still no sign of a deal. This uncertainty weighed on the markets, which closed in the red. Unless the politicians stop playing chicken and reach an agreement before June 1st, we could see more volatility and weakness …
Stock Market Wobbles as Debt Talks Fizzle, Bond Yields Sizzle
[Chart courtesy of MarketWatch.com] Moving the markets The stock market was indecisive today as investors waited for the outcome of the debt ceiling talks. The US government is running out of time and money to avoid a default that could shake the global economy. President Biden and House Minority Leader McCarthy are meeting today to try to break the impasse, …
ETFs On The Cutline – Updated Through 05/19/2023
Below, you can evaluate the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, …
ETF Tracker Newsletter For May 19, 2023
ETF Tracker StatSheet You can view the latest version here. DEBT DEAL FLOPS, NASDAQ POPS, AND GOLD TOPS [Chart courtesy of MarketWatch.com] Moving the markets The markets went crazy this week, jumping up and down on every rumor of a debt ceiling deal. The Nasdaq (small caps) was especially nuts, soaring to new highs even as interest rates spiked. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/18/2023
ETF Data updated through Thursday, May 18, 2023 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …