ETF Tracker StatSheet You can view the latest version here. STORMING INTO OCTOBER [Chart courtesy of MarketWatch.com] Moving the markets After a swan dive onto the last trading day of September, a month during which the S&P 500 surrendered almost 5%, October started with a bang, after some initial choppiness was overcome. The major indexes found upward momentum and …
Chopping, Flopping, And Dropping
[Chart courtesy of MarketWatch.com] Moving the markets The bulls and bears were engaged in a tug-of-war session with the former seemingly storming ahead only to be pulled back down to reality by the latter. Gains came and went and, when the closing bell rang, only the Dow & S&P 500 were able to barely stay above their respective unchanged lines. …
Bond Yields Crank And Markets Tank
[Chart courtesy of MarketWatch.com] Moving the markets There was no question that spiking bond yields were the destroyer of equity prices, with the major indexes tanking in unison right after the opening bell. A couple of rebound attempts were rebuffed, and the downward trend continued with the Nasdaq faring the worst with a loss of 2.83%. Bond yields shot up …
Surging Bond Yields Neutralize Equities
[Chart courtesy of MarketWatch.com] Moving the markets An early bounce faded throughout the session with only the Dow maintaining bullish tendencies, while the S&P 500 and Nasdaq drifted aimlessly below their respective unchanged lines. The final week of a volatile September caused this divergence in the major indexes with growth/tech stocks struggling as bond yields spiked, with the 10-year briefly …
Comeback Rally Shifts Into Overdrive
[Chart courtesy of MarketWatch.com] Moving the markets The continuing crisis in China with their worsening Evergrande developer spectacle and potential default in the hundreds of billions of dollars, was simply moved to back burner, at least for this session. However, this fact remains: But the elephant in the room is not the write down of a modest $18 billion in …
Fed Stokes Markets
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed’s (FOMC) most hawkish statement in 3 years, the markets took it as a positive and propelled the major indexes out of their recent doldrums, with all 3 of them advancing around 1% for the session. Support for stocks came from the fact that the Fed will not initiate an immediate …