ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets Looking at the tech wreck this week—during which heavyweights like Facebook and Amazon imploded, and the GDP allegedly grew by 2.6% in the 3rd quarter, while economic news was horrific, as inflation expectations jumped, US Pending …
Big Tech Gets Whacked
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early 300-point jump in the Dow, the major indexes were not able to hang on to that euphoric start, as the reality set in that all is not well with Big Tech. Both, Alphabet and Microsoft shares got hammered, with the former missing earnings expectations on the top and bottom lines, …
Plunging Bond Yields Support Bear Market Rally
[Chart courtesy of MarketWatch.com] Moving the markets Plunging bond yields provided the perfect background to keep the bear market rally intact for the third day, a scenario we’ve witnessed several times this year. The largest drop and subsequent rebound happened in June, when the S&P 500 exploded off its bottom by 19.2% only to shift in reverse and surrender all …
Climbing A Wall Of Worry
[Chart courtesy of MarketWatch.com] Moving the markets Despite a rollercoaster ride in the futures market overnight, and a plunge in the Chinese stock market of -6.4%, its largest one-day drop since 2008, US sentiment remained positive after the opening bell rang. It’s all about earnings and forward guidance this week, with 46% of S&P members reporting. However, inflation data and …
Surging Bond Yields Punish Stocks
[Chart courtesy of MarketWatch.com] Moving the markets Despite Netflix’s beating of earnings and revenue, and its shares rallying some 13%, it was simply not enough to overcome the negatives of surging bond yields, which indicated that inflation fears have not subsided and won’t soon. As a result, the major indexes gave back some of their gains of the past two …
Earnings Give A Bullish Assist
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early 500-point jump in the Dow, supported by strong earnings reports (Goldman Sachs, Lockheed Martin), volatility set in with the major indexes tumbling off their lofty levels. The cause was Apple reporting that it will be cutting iPhone 14 production less than 2 weeks after its debut. Added ZeroHedge: The news …