[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 …
Equities Fall Ahead Of Inauguration
[Chart courtesy of MarketWatch.com] Moving the Markets It was a mixed bag with upbeat economic news not being able to offset the anxiety about tomorrow’s inauguration. Besides sinking equities, bonds and gold dropped as well while the US dollar and crude oil bucked the trend and closed up. On the economic front, housing starts rose but building permits inched slightly …
Financials Provide A Last Minute Boost
[Chart courtesy of MarketWatch.com] Moving the Markets It’s been no secret that the post-election rally hit a speed bump with the S&P 500 having moved within a 4 point range, on a closing basis, for the past 2 weeks. Anxiety continues to prevail as to whether Trump can really deliver on his campaign promises. Retail shares were the anchor weighing …
Indexes Slip On Trump And Brexit Uncertainty
[Chart courtesy of MarketWatch.com] Moving the Markets Uncertainty gripped the markets as remarks from President-elect Trump about the dollar being too strong pulled the starch out of any upside momentum, and the major indexes spent the session below their unchanged lines with the S&P 500 losing a modest -0.30%. Not helping equities were remarks from U.K. Prime Minister May detailing …