ETF Tracker Newsletter For April 19, 2024

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ETF Tracker StatSheet           You can view the latest version here. PRECIOUS METALS SURGE: A HARBINGER FOR EQUITY MARKETS? [Chart courtesy of MarketWatch.com] Current economic forecasts suggest that the Federal Reserve may delay any rate reductions until September or later, with some analysts not ruling out the possibility of no cuts throughout the year. Year-to-date analysis for 2024 reveals that …

Inflation Worries And Rate Hike Expectations: Wall Street’s Dilemma

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[Chart courtesy of MarketWatch.com] The S&P 500 index continued its downward trajectory, extending its losing streak to five consecutive days. Wall Street witnessed a seesaw battle between optimism and caution, resulting in a lackluster recovery attempt. Meanwhile, the Nasdaq faced headwinds, struggling with a 3% decline this week, marking its longest negative streak since December 2022. Amidst this volatility, more …

Strange Trading Session: Stocks Go Vertical, Then Reverse

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[Chart courtesy of MarketWatch.com] The S&P 500 extended its losing streak, dropping for a fourth consecutive session. Struggling technology stocks, including Nvidia, exerted downward pressure on the market. Interestingly, this is the third straight session where stocks opened higher but then faded throughout the day. Early in the trading day, stocks were sliding after the opening. However, around 10:55 AM …

Gold Surges, Stocks Plunge: Is Tax Day The Market’s Moment Of Truth?

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[Chart courtesy of MarketWatch.com] Despite a promising start with strong earnings from Goldman Sachs and encouraging retail data, the major indexes took a downturn, erasing the gains from the morning rally. The conflict in the Middle East remains a concern, but there is hope it won’t escalate further. Small Caps and the Mag7 stocks experienced a significant drop, reminiscent of …

ETF Tracker Newsletter For April 12, 2024

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ETF Tracker StatSheet           You can view the latest version here. GOLD GLITTERS AMID MARKET GLOOM, OUTSHINES S&P 500 IN TURBULENT TIMES [Chart courtesy of MarketWatch.com] Today, the stock market experienced a sharp decline as major U.S. banks began reporting their earnings amidst a backdrop of inflation and geopolitical tensions. JPMorgan Chase’s shares fell over 6% following its first-quarter earnings …

Inflation Surges, Markets Tumble: Real Estate Leads Sector Losses

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[Chart courtesy of MarketWatch.com] Today’s market revealed a downturn in the major indexes following the release of March’s inflation data, which exceeded expectations and may delay anticipated interest rate cuts by the Federal Reserve. Energy was the only sector not to decline, with real estate experiencing over a 4% drop, the most significant loss of the day. After a strong …