[Chart courtesy of MarketWatch.com] Moving the markets Bank earnings took front and center, as Morgan Stanley posted better-than-expected numbers, thereby pushing up its stock price +6%. However, banking powerhouse Goldman Sachs reported its worst earnings miss in a decade, with its stock price being pummeled at the tune of -6%. JPM’s and Citigroup’s results were mixed. As a result, the …
ETF Tracker Newsletter For January 13, 2023
ETF Tracker StatSheet You can view the latest version here. CONQUERING THE FLAT LINE [Chart courtesy of MarketWatch.com] Moving the markets After digging themselves out of an early hole, the major indexes crawled back slowly and surely to end another session on a positive note. Q4 bank earnings were on the agenda, as JP Morgan beat revenue expectations but …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/12/2023
ETF Data updated through Thursday, January 12, 2023 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Gambling On A Positive CPI Report
[Chart courtesy of MarketWatch.com] Moving the markets Stocks resumed their Ramp-A-Thon into tomorrow’s CPI report, as traders were betting that Thursday’s inflation data will present validation of a decelerating trend. Confidence reigned supreme that the Fed’s rate hikes had their planned impact and that a policy reversal might be on deck, as “the Fed will cave” story gained momentum. While …
Finding Support
[Chart courtesy of MarketWatch.com] Moving the markets After much bobbing and weaving, the major indexes found some footing and closed in the green led by the Nasdaq with a 1% gain. Upcoming economic data points and corporate earnings later this week kept the rally in check. All eyes were on Fed head Powell’s speech this morning and, as ZeroHedge pointed …
ETF Tracker Newsletter For January 6, 2023
ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets And so, the rollercoaster week has come to an end with the markets seeming to have broken out to the upside—at least for the time being. The much-awaited December jobs report was interpreted as showing signs …