[Chart courtesy of MarketWatch.com] The market rose today, as traders digested signs of strong economic growth and the latest earnings reports. The U.S. economy grew by 3.3% in the fourth quarter, beating the 2% forecast and showing resilience despite Fed rate hikes. Of course, this number may change later when no one is paying attention. How can the forecast be …
Bond Yields Rise, Netflix Surges, China Struggles: A Mixed Day For The Market
[Chart courtesy of MarketWatch.com] Netflix added more subscribers than ever in the fourth quarter, sending its shares up 13%. The streaming giant now has 260.8 million couch potatoes hooked on its shows. It also beat revenue and earnings forecasts, making Wall Street happy. But not everyone was happy. Some traders were worried about the slowing economy and the risk of …
Dow Dips, Nasdaq Nips, Gold Glitters
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average had a bad day, retreating from its all-time highs as traders sifted through the latest earnings reports, while the S&P 500 and Nasdaq squeezed out a positive finish after shaking off some midday jitters. The 30-stock index was dragged down by a 12% plunge in 3M, which issued a gloomy outlook. …
Market Rally Defies Hedge Fund Pessimism, Inflation Fears, And China Slump
[Chart courtesy of MarketWatch.com] The stock market reached new heights today, following up on Friday’s record-breaking rally. The Dow breached the 38,000 mark for the first time ever, gaining 145 points or 0.4%. The S&P 500 also rose 0.4%, hitting another all-time high. But not everyone is buying the bull run. Hedge funds have been betting heavily against stocks, with …
ETFs On The Cutline – Updated Through 01/19/2024
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 January 19, 2024
ETF Tracker StatSheet You can view the latest version here. HOW LONG CAN THE S&P 500 AND BOND YIELDS STAY OUT OF SYNC? [Chart courtesy of MarketWatch.com] The markets shrugged off their early-year jitters and resumed their upward march today, lifting the S&P 500 to a fresh record high. Wall Street was boosted by a tech rally, sparked by …