[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 barely budged Monday as the 10-year Treasury yield soared, and the market started the last week of September with a whimper. But hey, at least the index closed in the green. The 10-year Treasury yield reached 4.5%, hitting levels not seen since 2007 when it peaked at 4.57%. Remember 2007? …
Fed Confuses Everyone: Markets Lose It
[Chart courtesy of MarketWatch.com] Moving the markets The Fed meeting was the main event of the day, as everyone waited with bated breath to see what the central bank would do with interest rates. Would they hike, cut, or hold steady? Would they signal a dovish or hawkish stance? Would they make any jokes or puns to lighten the mood? …
Stocks Tumble, Fed Mumbles, Oil Rumbles, And Bonds Crumble
[Chart courtesy of MarketWatch.com] Moving the markets The markets had a bad hair day on Tuesday as they waited for the Federal Reserve to wake up and make a move. After plunging in the middle of the day, the major indexes clawed their way back up but still ended in the red. The central bank’s two-day meeting started on Tuesday, …
S&P 500 Snoozes As Investors Brace For Fed Surprise
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 was bored on Monday as investors waited for the Federal Reserve to make up its mind about the interest rates. The S&P 500 and the Nasdaq were both losers for the second week in a row, while the Dow managed to squeeze out a tiny win. Oil prices soared to …
Inflation Who? Market Surges On Strong Retail Sales And Short Squeeze
[Chart courtesy of MarketWatch.com] Moving the markets The market soared today as investors shrugged off inflation fears and snapped up stocks that were heavily shorted. This triggered a powerful short squeeze that boosted our domestic TTI deeper into the green zone. This means we can breathe a sigh of relief and postpone any potential “Sell” for now. The market optimism …
CPI Report Sends Markets On A Roller-Coaster Ride
[Chart courtesy of MarketWatch.com] Moving the markets The markets were like a yo-yo today, as traders freaked out over the latest inflation report. The CPI, or consumer price index, showed that prices of stuff we buy went up more than expected in August. The core CPI, which excludes food and energy (because who needs those, right?), also went up more …