ETF Tracker Newsletter For August 23, 2024

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ETF Tracker StatSheet           You can view the latest version here. WALL STREET CELEBRATES POWELL’S AMBIGUOUS RATE CUT SIGNAL [Chart courtesy of MarketWatch.com] The major indexes surged higher following Fed Chair Powell’s commentary, which hinted at upcoming interest rate cuts. Although Powell was vague about the specifics, his statement that “the time has come for policy to adjust” resonated strongly, …

ETF Tracker Newsletter For August 16, 2024

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ETF Tracker StatSheet           You can view the latest version here. GOLD SURGES TO RECORD HIGH AS DOLLAR HITS 5-MONTH LOWS [Chart courtesy of MarketWatch.com] The major indexes entered a consolidation phase following this week’s recovery rally, which erased the losses sustained in early August. The S&P 500 has now broken even. A midday comeback propelled US equities to their …

ETF Tracker Newsletter For August 9, 2024

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ETF Tracker StatSheet           You can view the latest version here. INVESTOR VOLATILITY: EQUITIES UNLOADED AS MONEY MARKET ASSETS HIT RECORD HIGH [Chart courtesy of MarketWatch.com] After yesterday’s strong comeback session, upward momentum slowed, but traders and algorithms continued to push the indexes higher, erasing most losses from earlier in the week. This recovery followed Monday’s steep global sell-off, triggered …

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 …

ETF Tracker Newsletter For July 26, 2024

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ETF Tracker StatSheet           You can view the latest version here. MARKET AWAITS KEY MACRO EVENTS AFTER WEEK OF MIXED PERFORMANCES [Chart courtesy of MarketWatch.com] Today, stocks staged a notable comeback, attempting to recover some of the declines experienced earlier in the week as traders analyzed the latest inflation data. Several factors contributed to this rebound: Market sentiment was oversold, …

ETF Tracker Newsletter For July 19, 2024

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ETF Tracker StatSheet           You can view the latest version here. BITCOIN BREAKS $67K AS TECH STOCKS FALTER AND BOND YIELDS RISE [Chart courtesy of MarketWatch.com] The downward trend persisted today, leaving traders likely relieved that the week is finally over. Earlier hopes for an easing of interest rates had prompted a rotation out of tech stocks and into broader …