[Chart courtesy of MarketWatch.com] Moving the markets The rebound continued into its second day with Monday’s losses now having been completely recaptured by all three major indexes. Better-than-expected earnings helped power the revival with Coca-Cola and Johnsen & Johnsen stoking the bullish attitude. The bounce-back was broad based with Small Caps (VBK) adding another +1.31%, but they were slightly …
Rebounding With A Vengeance
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets last night already indicated positive numbers, a trend which continued into the regular session. The major indexes opened higher and never looked back, which resulted in a solid bounce back after yesterday’s thrashing. Most of Monday’s losses were recovered, as dip buyers stepped in to take advantage of the Dow’s …
Delta Variant Infects Stock Market
[Chart courtesy of MarketWatch.com] Moving the markets Concerns, that rebounding Covid cases, especially those identified as a Delta variant, could negatively affect an already stumbling recovery in economic activity, pulled the rug out from under the bullish theme and spanked the major indexes along with the broad market. At one point, the Dow was down over 900 points but managed …
Fed Stays The Course—Markets Pump, Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the markets The Fed issued some market pleasing remarks early on sending the major indexes higher, with the S&P 500 notching another intra-day record. Fed head Powell uttered the words that traders wanted to hear, namely that they will maintain their easy monetary policies. Added CNBC: Powell said in his semiannual testimony before Congress Wednesday …
Inflation Fears Dominate Strong Earnings
[Chart courtesy of MarketWatch.com] Moving the markets An early trounce was followed by quick bounce, but upward momentum could not be sustained, and the impact of the inflation report proved to be stronger than some of the positive early earnings results. The three major indexes all closed on the red, albeit by a small percentage. For sure, the inflation numbers …
Maintaining Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Despite a downside opening, the major indexes regained their upward momentum rather quickly and once climbed above their respective unchanged lines, continued their path to score another winning session. Support came from positive expectations of the upcoming earnings season, which will start later this week. For sure, some analysts are counting on blockbuster …