ETF Tracker Newsletter For October 23, 2020

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ETF Tracker StatSheet           You can view the latest version here. AIMLESS MEANDERING [Chart courtesy of MarketWatch.com] Moving the markets While the chart above shows a nice rebound for the S&P 500 off its mid-day lows, keep in mind that today’s activity happened within a very narrow trading range of less than 1%. Traders were not willing to commit one …

Hope For Stimulus Reigns Supreme

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[Chart courtesy of MarketWatch.com] Moving the markets The never-ending stimulus saga continued to govern the headlines, as artful rhetoric by skilled politicians kept the hope alive that a compromise will still be a possibility—soon. Posted CNBC: Pelosi said Thursday a deal on new coronavirus aid was “just about there.” She also said: “If we were not making progress, I wouldn’t …

Chopping And Flopping

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[Chart courtesy of MarketWatch.com] Moving the markets A roller coaster ride best describes today’s session with the markets homing in on every stimulus word uttered, then jumping on hopeful comments while slipping on disappointing news. Nothing else seemed to matter. Goldman Sachs economist Alec Phillips noted that “the biggest issues remain unresolved and a deal doesn’t seem particularly close.” “With …

ETF Tracker Newsletter For October 16, 2020

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ETF Tracker StatSheet           You can view the latest version here. DIVING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets An early rally hit the skids with the major indexes diving into the close with only the Dow showing a small gain of +0.39%. The Nasdaq fared the worst by giving back -0.36%, but for the week, equities …

Tanking And Cranking

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[Chart courtesy of MarketWatch.com] Moving the markets The markets took a steep dive right after the opening, with the Dow down some 300 points, after which a slow but choppy ascent pulled major indexes out of the doldrums, but they fell short of reclaiming their respective unchanged lines. The culprits for the early weakness were the same as yesterday, namely …