[Chart courtesy of MarketWatch.com] Moving the Markets Keeping the major indexes in check was a report showing that US economic growth slowed in the 4th quarter expanding 1.6% for all of 2016, its worst performance since 2011. Sure, there were periods of stronger growth, such as in the third quarter, which clocked in at a 3.5% annual rate but, in …
Equities Mixed; S&P 500 Touches 2,300
[Chart courtesy of MarketWatch.com] Moving the Markets It was pretty much a day of consolidation after the Dow pierced the 20k milestone yesterday, however, the S&P 500 managed to touch the 2,300 level but backed off and closed 3 points below it. Weighing on the S&P and Nasdaq was Qualcomm, which gave back 5% after a lower-than-expected rise in quarterly …
Dow Slices Through The 20,000 Milestone Marker
[Chart courtesy of MarketWatch.com] Moving the Markets It seemed like forever, but it’s been only 28 days of treading water before upward momentum was sufficient enough to conquer the 20k milestone. Looking back to the 800 plus point drop in the Dow during election night, which appeared to signal a return to bear market territory, it’s been a truly remarkable …
Earnings Push S&P 500 And Nasdaq To New Highs
[Chart courtesy of MarketWatch.com] Moving the Markets Today it was a battle between earnings and uncertainty over Trump’s pro-business agenda. At least for today, earnings won the battle, and the major indexes rode the positive momentum higher. The materials and financial sectors fared the best climbing 2.5% and 1.2% respectively. With earnings season heating up, so far S&P profits are …
Trade Concerns Pull Equities Lower—Gold Up
[Chart courtesy of MarketWatch.com] Moving the Markets While equities started the day on a negative note, they did improve throughout the session and ended only fractionally lower. The post-election rally hit another snag as Trump’s protectionist stance on trade did nothing to soothe the bullish crowd on Wall Street. First, Trump signed paperwork to formally withdraw the US from the …
ETF Tracker Newsletter For January 20, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01192017/ Gold Pops As Dollar Drops [Chart courtesy of MarketWatch.com] Moving the Markets An early rally gave way to a pullback, but the major indexes managed to claw back towards the end of the session and closed up but, for the week, the S&P 500 lost modestly by surrendering 4 points. Of course, the inauguration took center …