[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 …
Stocks Slammed By Fed’s Hawkish Stance: Domestic “Sell” Signal Generated
[Chart courtesy of MarketWatch.com] Moving the markets The market had a terrible day on Thursday. Stocks fell like rocks, as bond yields soared to levels not seen in years. The Fed is to blame, as it plans to keep raising interest rates and keep them high for a long time. The Fed thinks the economy is too hot and inflation …
Dollar Slumps As Inflation Data Boosts Stocks
[Chart courtesy of MarketWatch.com] Moving the markets The stock market celebrated another day of low inflation, as the Producer Price Index (PPI) for June came in much weaker than expected. The PPI measures the change in prices that producers charge for their goods and services. It was supposed to rise by 0.4% year-over-year, but it barely budged at 0.1%. This …
ETFs On The Cutline – Updated Through 06/16/2023
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
Traders Bet On No Rate Hike This Week, But Will They Regret It?
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 soared to a 13-month high as traders bet on the Fed holding off on raising interest rates this week. The Fed has already hiked rates 10 times in a row, but now the odds are 74% in favor of a pause. Maybe tomorrow’s inflation report will confirm that view, as …