[Chart courtesy of MarketWatch.com] The tech sector led the ongoing rebound, as traders sought signs of progress in the heated tariff situation. Despite China’s overnight announcement that no trade talks were happening with the U.S., they confirmed that all statements about progress on bilateral talks should be dismissed and that the cancellation of unilateral tariffs is forthcoming. Wall Street traders …
Relief Rally: Markets Surge On Trump’s Easing Of Fed And Tariff Concerns
[Chart courtesy of MarketWatch.com] The markets received a significant boost this morning from Trump, who softened his stance on Fed Chair Powell and China tariffs—two topics that had recently caused market turmoil. First, he indicated that he does not plan to remove Powell from his position as Central Bank leader. Second, he expressed a willingness to adopt a less confrontational …
Bitcoin Outperforms As Gold Slips And Dollar Recovers
[Chart courtesy of MarketWatch.com] Equities rebounded from yesterday’s selling spree, marking the fourth consecutive losing session, driven in part by global tensions and Trump’s recent criticism of the Federal Reserve. Major tech players like Tesla, Nvidia, Meta, and Amazon all advanced, while manufacturing giant 3M reported better-than-expected earnings, boosting its stock by approximately 6%. This earnings season has been frustrating, …
Gold Surges As Stocks, Dollar, And Treasuries Slump
[Chart courtesy of MarketWatch.com] Equities began the week sharply lower due to ongoing uncertainty in global trade talks. Adding to the market’s woes was President Trump’s criticism of Fed Chair Powell, who remains committed to high interest rate policies. Some traders view Trump’s attacks as a threat to the Fed’s independence, while others criticize his delayed responses, such as calling …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/17/2025
ETF Data updated through Thursday, April 17, 2025 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. …
Major Indexes Close Week Down; Bitcoin Poised For Potential Surge
[Chart courtesy of MarketWatch.com] An early bounce quickly faded, leading equities to slip into the red on the last trading day of the week. The S&P 500 was the exception, managing to eke out a fractional gain. The Dow suffered the most, primarily due to United Health (UNH) plummeting by 22% at one point after missing earnings expectations. Chipmaker Nvidia …