[Chart courtesy of MarketWatch.com] Moving the markets The first trading day of 2023 turned into a bit of tug-of-war between bulls and bears, as an early bounce gave way to slow and steady selling, but a last hour rebound kept the damage to a minimum. The same stand-by problems like rising rates and high inflation continued to concern traders and …
ETF Tracker Newsletter For December 30, 2022
ETF Tracker StatSheet You can view the latest version here. EQUITIES FINISH THEIR WORST YEAR SINCE 2008 WITH A SELL-OFF [Chart courtesy of MarketWatch.com] Moving the markets Despite the market’s successful attempt at staging a rally yesterday, it was not enough to overcome the weakness in equities, as the indexes simply got whiplashed with nothing to show for when …
A Sea Of Red
[Chart courtesy of MarketWatch.com] Moving the markets Despite a green opening, the bulls lost control in a hurry, as the bears took over and dominated the rest of the session as if to add insult to injury to a year that is shaping up to be the worst since 2008. The S&P is now on track to close 2022 with …
Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets Rising bond yields took center stage today and kept equities in a tight trading range, as the first of the last 4 days of trading in 2022 provided no ammunition for the bulls to try to end a brutal year on a positive. China’s loosening of Covid restrictions helped their stock market, but …
ETF Tracker Newsletter For December 23, 2022
ETF Tracker StatSheet You can view the latest version here. ANOTHER ROLLER COASTER RIDE [Chart courtesy of MarketWatch.com] Moving the markets While Wednesday’s rebound rekindled thoughts of a Santa Claus rally, those hopes were wiped out yesterday, when the markets got clubbed and surrendered all the prior day’s gains. The S&P 500 closed yesterday exactly at Wednesday’s level. Go …
Bounce Back Wednesday
[Chart courtesy of MarketWatch.com] Moving the markets Upbeat earnings and robust consumer confidence data combined forces to pull the markets out of their doldrums and gave traders an excuse to push equities higher. Nike started things out by beating quarterly earnings and revenue expectations, as did FedEx with the company also announcing cost cutting plans. Consumer Confidence surged in December …