[Chart courtesy of MarketWatch.com] Moving the markets I noted my surprise on Friday that equities had not been more negatively affected by the geopolitical events, but that notion seemed to have changed today. One look at the S&P 500 chart above tells the story that the bears ruled supreme and, at least for the time being, won the tug-of-war against …
ETF Tracker Newsletter For March 4, 2022
ETF Tracker StatSheet You can view the latest version here. FADING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Even a better-than-expected jobs report (678k gained vs. expectations of 423k) was not enough to compete with the negative overhang of the geopolitical environment, as the Russia-Ukraine skirmish continued unabated, despite encouraging attempts on both sides to schedule …
Popping And Dropping
[Chart courtesy of MarketWatch.com] Moving the markets Chopping around their respective unchanged lines appeared to be the mantra for the major indexes, after an early pop ran out of steam and gave way to weakness, as bullish sentiment fell by the wayside. The Nasdaq fared the worst with a 1.56% loss, though the Dow and S&P 500 retreated only moderately. …
Bounce-Back Wednesday
[Chart courtesy of MarketWatch.com] Moving the markets The bulls tried to shake off the effects of the Ukraine-Russia confrontation and managed to squeeze out a rebound, despite surging oil and commodity prices. While the major indexes recovered yesterday’s losses, today’s action had the smell of a dead cat bounce. Sure, there were several verbal assists helping market sentiment starting with …
A Puke-A-Thon For Equities
[Chart courtesy of MarketWatch.com] Moving the markets As the Russia-Ukraine conflict spreads and intensifies, it should come as no surprise that equities eventually would be affected negatively. We have seen some late session comeback attempts, but current geopolitical conditions may make it very difficult to continue these efforts. The reality, that sanctioning others may have a boomerang effect came into …
Fighting Uncertainty
[Chart courtesy of MarketWatch.com] Moving the markets Volatility reigned supreme in the markets, but in the end, this session did not turn out as bad as had been feared over the weekend. With the Russia-Ukraine war heating up and sanctions being announced around the world, there will be more fallout ahead for all parties involved. After being down some 500 …