[Chart courtesy of MarketWatch.com] Moving the markets Not only did last week’s debacle continue this morning, but markets also took a sudden dive during the last hour of trading, with the S&P 500 breaching its psychologically important 4k marker to the downside to close slightly below it and at its lowest in 13 months. Again, this was a day with …
ETF Tracker Newsletter For May 6, 2022
ETF Tracker StatSheet You can view the latest version here. TROUNCING AND BOUNCING [Chart courtesy of MarketWatch.com] Moving the markets After the Dow dropped another 400 points to start the session, dip buyers stepped in and pushed the major indexes just above their unchanged lines. Giving an assist in this sudden turnaround, was Fed mouthpiece Kashkari by hinting that …
From Relief Rally To Bloodbath
[Chart courtesy of MarketWatch.com] Moving the markets Today’s bloodbath in equities makes yesterday’s “rebound of hope” look like a dead cat bounce, as dip buyers were not to be found anywhere. “Stunning” best describes this sudden reversal, which erased yesterday’s profits and then some. With the Dow tumbling over 1,000 points, domestic equities notched their worst day of the year …
Fed’s Modest Rate Hike Pleases Markets
[Chart courtesy of MarketWatch.com] Moving the markets While the headlines were screaming “Fed fires off biggest interest-rate hike since 2000,” the reality of it is that the increase in the Fed Funds rate from 0.5% t0 1% is hardly enough to fight inflation with a current CPI of 8.5%, which likely will explode higher next week with the latest data …
Waiting For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering best describes today’s session during which rally attempts were rebuffed with the major indexes dropping, bouncing off their respective unchanged lines and ending up moderately in the green. Ahead of the Fed’s decision on interest rates tomorrow, the market environment was one of nervousness with the tug-of-war continuing between those traders …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s downtrend continued during the first trading session of May, as the Dow stumbled some 400 points early on, but a last hour rebound pulled the major indexes out of the doldrums and back into the green. The S&P 500 fell to new lows for the year, which is viewed as a …