[Chart courtesy of MarketWatch.com] Moving the markets We started the day in the red after China set the sour mood by reporting another month of declining industrial profits. Things got worse when Caterpillar (CAT), an economic bellwether conglomerate, missed earnings by a huge margin, its worst performance in 10 years, causing its stock price to decline by -9.13%; a dead …
10-Year Bond Yield Pumps And Equities Dump
[Chart courtesy of MarketWatch.com] Moving the markets A host of news events combined forces to pull equities off their lofty levels with the S&P 500 having its worst day in 5 months, while bonds had their worst day in 6 weeks. First, there were the NAFTA negotiations, which appeared to be progressing well, but the fly in the ointment was …
Dow Powers Into Record Territory
[Chart courtesy of MarketWatch.com] Moving the Markets The Dow got a huge assist today from Caterpillar (CAT) and 3M, which jumped after showing a better than expected quarterly report card. Both components contributed some 150 points to the Dow’s 168 point gain—into record territory. It was a narrow advance with Healthcare (XLV) bucking the overall positive trend (-0.56%) thereby limiting …
ETF Tracker Newsletter For February 17, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18545&preview=true Extending The Winning Streak [Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes hovering in negative territory for most of the day, in this new normal market environment, they are not allowed to close two days in a row in the red. As a result, as if by magic, stocks were pushed up during …
Big Gains For Wall Street On Earnings And ECB Stimulus Talk
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks skyrocketed Thursday as investors were quite encouraged by a market moving earnings report posted by McDonald’s (MCD) and signs from Europe that more stimulus might be on the way for the European Economy. In the end, it was really ECBs Mario Draghi’s jawboning about “re-examining” its stimulus program, which lit some …
Markets Dive—But Are Still Swimming
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities climbed out of a deep dive Thursday, but the Nasdaq slid into negative territory for the calendar year as stocks posted their third straight loss. The Dow took a hit from Caterpillar (CAT) after the company announced it would be cutting up to 5,000 jobs by the end of 2016 and …
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