ETF Tracker Newsletter For August 2, 2024

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ETF Tracker StatSheet           You can view the latest version here. STOCK MARKET FACES TURBULENCE: IS A RECESSION ON THE HORIZON? [Chart courtesy of MarketWatch.com] The markets suffered a significant downturn this morning, driven by a weaker-than-expected July jobs report that dampened any bullish sentiment. Nonfarm payroll jobs increased by only 114,000 last month, a sharp decline from the 179,000 …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/01/2024

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ETF Data updated through Thursday, August 1, 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. …

Weak Economic Data Sparks Market Downturn, Nasdaq Drops 2.3%

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[Chart courtesy of MarketWatch.com] The markets faced a significant downturn today, as weak economic data erased an early rally. Major indexes dipped into the red, with the Nasdaq dropping 2.3%, effectively wiping out most of yesterday’s gains. Initial jobless claims surged to 249,000 for the week ending July 27, surpassing the estimated 235,000. Additionally, the ISM manufacturing index, which reflects …