[Chart courtesy of MarketWatch.com] This morning, the markets erupted with major benchmarks racing into record territory following Trump’s presidential election victory. The Dow led the charge, jumping over 3.5%, while Small Caps surged nearly 6%. The S&P 500 and Nasdaq also set new record highs. Small Caps, which are primarily domestic and cyclical, are expected to benefit significantly from Trump’s …
S&P 500 Rebounds: Is The Storm Over?
[Chart courtesy of MarketWatch.com] In the ever-shifting landscape of the financial markets, the S&P 500 has managed to rip higher, finding stable ground after a tumultuous week. This resurgence was largely fueled by a rebound in tech shares and a de-escalation of tensions in the Middle East, with a notable short squeeze lending major support. As traders cast their gaze …
Nasdaq 100 And 10-Year Yield Diverge: Which One Will Blink First?
[Chart courtesy of MarketWatch.com] The stock market had a strong finish today, with the S&P 500 hitting a new record high and the other major indexes recovering from their earlier losses in the week. But don’t pop the champagne just yet because the economic picture is still murky at best. Retail sales fell more than expected in January, dropping 0.8% …
ETF Tracker Newsletter For December 22, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS MIXED AS INFLATION SLOWS, INCOME DIVERGES, AND RATE CUTS LOOM [Chart courtesy of MarketWatch.com] The S&P and Nasdaq managed to squeeze out a tiny gain, thanks to tame inflation data, and extended their weekly winning streak to eight. The Dow was not so lucky and ended in the …
Market Divergence: Nasdaq Nears Record High Amid Tight Financial Conditions And Weak Leading Indicators
[Chart courtesy of MarketWatch.com] The U.S. stock market continued its bullish run as it entered the Thanksgiving week, which will have a shorter trading schedule. Traders are feeling optimistic after the latest inflation data showed a lower-than-expected increase in consumer prices, easing the fears of a prolonged period of high inflation and aggressive rate hikes by the Federal Reserve. Some …
A Bad Day For The Bulls: S&P 500 Dives As Bond Yields Soar After Disastrous Auction
[Chart courtesy of MarketWatch.com] It was a bad day for the S&P 500, as the bond market threw a tantrum and spoiled the party. The trigger was a disastrous 30-year bond auction, which saw foreign buyers flee. This was not the first time this year that the bond market was disappointed, but it was the worst. Stocks and bonds both …