Black Monday: Sell Programs Pummel Markets

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[Chart courtesy of MarketWatch.com] Moving the markets Friday’s drubbing was followed by an ugly overnight futures session, which already pointed towards another knock-down of the buy-and-hold crowd and the dip-buyers. Things got worse as the fifth largest ‘sell program’ in history was launched, as ZeroHedge elaborated, and wreaked havoc with the markets, while sending the S&P 500 back into official …

ETF Tracker Newsletter For June 10, 2022

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ETF Tracker StatSheet           You can view the latest version here. LATEST CPI READING PUMMELS STOCKS [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s spanking, which left the major indexes in the red by some +2%, with the Dow dumping over 600 points, today’s session presented another rude awakening thanks to a worse than expected CPI reading. The Dow …

Bond Yields Pump And Stocks Slump

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[Chart courtesy of MarketWatch.com] Moving the markets The roller coaster ride continued, as yesterday’s rebound vanished in a hurry, with the major indexes giving back more than they gained in the prior session. Bonds reversed Tuesday’s yield slippage with yields rising and the 10-year reclaiming its 3% level by closing at 3.03%. Updates and warnings from major companies (Credit Suisse, …

Shaking Off A Warning

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[Chart courtesy of MarketWatch.com] Moving the markets The major indexes were subdued early in the session, because Target’s profit warning sent equities into the red. After some bobbing and weaving, momentum turned positive, as dip buyers and a short squeeze combined forces to produce a green close to. A big assist came from the bond market, after yields retreated with …

Ripping And Dipping

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[Chart courtesy of MarketWatch.com] Moving the markets Another head fake session saw the Dow gaining over 300-points early on, but the rally quickly lost steam with the major indexes briefly dipping into the red, before a late push saved the day. The Dow settled at about unchanged, but the S&P 500 eked out a modest 0.31% advance. The early boost …