ETF Tracker Newsletter For April 19, 2024

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ETF Tracker StatSheet           You can view the latest version here. PRECIOUS METALS SURGE: A HARBINGER FOR EQUITY MARKETS? [Chart courtesy of MarketWatch.com] Current economic forecasts suggest that the Federal Reserve may delay any rate reductions until September or later, with some analysts not ruling out the possibility of no cuts throughout the year. Year-to-date analysis for 2024 reveals that …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/18/2024

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ETF Data updated through Thursday, April 18, 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. …

Inflation Worries And Rate Hike Expectations: Wall Street’s Dilemma

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[Chart courtesy of MarketWatch.com] The S&P 500 index continued its downward trajectory, extending its losing streak to five consecutive days. Wall Street witnessed a seesaw battle between optimism and caution, resulting in a lackluster recovery attempt. Meanwhile, the Nasdaq faced headwinds, struggling with a 3% decline this week, marking its longest negative streak since December 2022. Amidst this volatility, more …

Strange Trading Session: Stocks Go Vertical, Then Reverse

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[Chart courtesy of MarketWatch.com] The S&P 500 extended its losing streak, dropping for a fourth consecutive session. Struggling technology stocks, including Nvidia, exerted downward pressure on the market. Interestingly, this is the third straight session where stocks opened higher but then faded throughout the day. Early in the trading day, stocks were sliding after the opening. However, around 10:55 AM …

Market Tension Rises Amid Geopolitical Strife And Yield Surges

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[Chart courtesy of MarketWatch.com] In today’s financial landscape, the S&P 500 experienced a downturn as investors juggled the latest corporate earnings with rising yield concerns and geopolitical tensions. Federal Reserve Chair Powell’s remarks suggested that interest rates might remain high, dampening hopes for rate cuts and driving the 2-year yield above 5% for the first time since last November. Despite …