Nvidia Weighs On Us Stocks As Investors Fret Over Valuation And Fed Outlook

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Today was a bad day for the US stock market, especially for the smaller companies. Nvidia dragged down the tech sector as investors worried about its high price before its earnings report tomorrow. Even the big names like Amazon, Microsoft, and Meta couldn’t escape the sell-off and lost more than 1% each. The financial sector had …

Hot Inflation Report Burns Stocks, No Rate Cuts Soon

Ulli ETF Tracker Contact

[Chart courtesy of MarketWatch.com] Stocks took a hit on Friday, as another spicy inflation report raised doubts about the timing of Fed rate cuts this year. The PPI for January, which tracks wholesale inflation, rose 0.3%, beating the expected 0.1% increase. Without food and energy, the core-PPI jumped 0.5%, much higher than the forecasted 0.1% rise. The 10-year Treasury yield …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/15/2024

Ulli ETF StatSheet Contact

ETF Data updated through Thursday, February 15, 2024 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. …

Nasdaq 100 And 10-Year Yield Diverge: Which One Will Blink First?

Ulli Uncategorized Contact

[Chart courtesy of MarketWatch.com] The stock market had a strong finish today, with the S&P 500 hitting a new record high and the other major indexes recovering from their earlier losses in the week. But don’t pop the champagne just yet because the economic picture is still murky at best. Retail sales fell more than expected in January, dropping 0.8% …

Love Is Back In The Air: Markets Bounce Back From Inflation Scare

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] The markets rebounded today after a Pre-Valentine’s Day massacre yesterday. Traders were feeling the love again as they shrugged off a higher-than-expected inflation report that spooked them on Tuesday. They worried that the Fed might not lower interest rates soon enough to keep the economy humming. The market had been overheated for a while, but it’s …