[Chart courtesy of MarketWatch.com] Moving the markets The same old anxieties were moved to the front burner again, namely what the delta variant’s impact might be on the economic reopening. At least that’s the headline news, but looking under the hood for the real reason, it appears to me the fact that 7 million people lost their extra unemployment benefits …
Sizzling And Fizzling
[Chart courtesy of MarketWatch.com] Moving the markets The markets stumbled into the first trading day of September with an early rally running out of steam, but the major indexes managed to stay close to their respective unchanged lines. The exception was the Nasdaq, which showed most of the staying power by not only remaining solidly in the green throughout the …
Closing A Bullish Month On A Whimper
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to close the notoriously slow month of August on a whimper, but unscathed and with bullish momentum intact. It was a day of churning with the S&P 500 touching a new intraday high but then fading below its unchanged line. For the month, all three of them came out …
Keeping The Bullish Premise Buzzing
[Chart courtesy of MarketWatch.com] Moving the markets Right now, it seems there is no stopping the bullish train with the S&P 500 taking out its 4,500 milestone for the first time, while the other two major indexes continued their winning streak as well. Bond yields rocketed higher with the 10-year climbing to 1.35%, which was the highest level since earlier …
Holding Steady
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s ramp, you could have expected some sort of pullback in the markets, but the rally continued unabated with some sell off into close, however, green numbers prevailed. Leading the charge was the Nasdaq with a gain of +0.52%. Helping the major indexes to maintain upward momentum was news that US regulators …
High Anticipations
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a strong opening, which is exactly how things played out. The major indexes roared out of the gate with all three of them displaying solid gains, but the leader was the Nasdaq by showing off with an advance of +1.55%. Last week’s weakness was shoved in the rear-view …