[Chart courtesy of MarketWatch.com] Moving the Markets The Nasdaq managed to hold on to most of its early gains, while the Dow dropped back in the red. The S&P essentially closed unchanged, as a last hour sell off contributed to turn this session into a mixed bag. Semiconductors, which we hold via SMH, fared very well by adding +1.03% while …
Bonds, Equities And Dollar Drop As Interest Rates Rise
[Chart courtesy of MarketWatch.com] Moving the Markets The debacle started in Europe, as ugly bond auctions in France and Spain set a negative tone for the day, which quickly spread across the Atlantic pushing US interest rates higher (and bond prices lower) while pulling equities off their lofty levels with the Nasdaq surrendering -1%. Not helping was the German Bond …
Nasdaq Outperforms; Energy Sector Gets Slammed
[Chart courtesy of MarketWatch.com] Moving the Markets It was a tale of two markets as the Nasdaq was propelled higher with semiconductors (SMH) reversing their recent downtrend by charging ahead +1.90%. The Dow closed about unchanged, while the S&P 500 managed to eke out a small gain of +0.15%. Things looked ugly in the energy sector as oil got hit …
Volatility Spike Kills Equities
[Chart courtesy of MarketWatch.com] Moving the Markets If you viewed Wednesday’s market ramp with the benefit of hindsight by looking at today’s losing session, it would appear that yesterday was a blow-off top; or so it seems. There was nothing positive surrounding equities, which ended up down for the day but, considering that the VIX at the lows had jumped …
Dollar Dumps As Nasdaq Jumps
[Chart courtesy of MarketWatch.com] Moving the Markets In a total reversal from yesterday, equities jumped right after the opening bell and never looked back in an attempt to recover Tuesday’s losses, a feat which was largely accomplished with the S&P posting its biggest one-day gain in a couple of months. Economic data points did not assist in today’s ramp as …
Nasdaq Gets Whipped And Bonds Get Clipped
[Chart courtesy of MarketWatch.com] Moving the Markets There simply weren’t any news reports positive enough to keep the major indexes above the unchanged line. First, it was the Fed and its mouthpieces pretty much talking down the markets. ZH summed it up as follows: Yellen – “We have been in an economy with low interest rates for some time, and …