[Chart courtesy of MarketWatch.com] Moving the markets A solid early bounce in the major indexes hit the skids, found upward impetus for a second time but then lost momentum with all three major indexes doing their best imitation of a swan dive by closing at the lows of the day. It turned into another disappointing day for the dip buyers, …
Bond Yields Pump And Equities Dump
[Chart courtesy of MarketWatch.com] Moving the markets As we’ve witnessed for most of this year, surging bond yields have been the culprit to not only keep equities in check but also pull them off their lofty levels. Such was the case again today when the session got off to a bad start with the Dow dumping some 500 points right …
ETF Tracker Newsletter For January 14, 2022
ETF Tracker StatSheet You can view the latest version here. DIRECTIONLESS WAVERING [Chart courtesy of MarketWatch.com] Moving the markets Other than during two strong up days, namely Tuesday and Wednesday, the markets meandered aimlessly and ended the week with a loss, although a modest one, with the S&P 500 surrendering 0.30%. Despite expectations to the contrary, the earnings season …
Clinging To The Unchanged Lines
[Chart courtesy of MarketWatch.com] Moving the markets An early pump ran into strong resistance with the major indexes suddenly reversing and even breaking their respective unchanged lines to the downside. Fortunately, dip buyers stepped in and saved the markets from closing in the red. The much-anticipated Consumer Price Index (CPI) showed an amazing 7% YoY ramp, which was in line …
Fed Stokes Markets
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes built on yesterday’s comeback rally with the Nasdaq again taking the lead by gaining 1.41%. Still, the markets are struggling to find some footing after the New Year’s sell-off. Rising interest rates have been the culprit that brought the Santa Clause rally to a standstill and a subsequent reversal. For …
Trouncing And Bouncing
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s negative market theme continued this morning when the major indexes took another dive with the Dow being down over 500 points at one moment in time. Dip buyers made an appearance, as the indexes attempted to climb out of a deep hole. Though they did not manage to crawl back to …