ETF Tracker StatSheet You can view the latest version here. SLOPPY AND CHOPPY BUT HIGHER ON THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Despite a choppy and sloppy trading session, which caused the major indexes to surrender some of their recent hard-fought gains, they ended the week in the plus with the S&P 500 advancing around 2.2%. …
Tech Dominates
[Chart courtesy of MarketWatch.com] Moving the markets Despite and early sell-off, the major indexes found some footing, wobbled all day yet managed to produce another green close for the second straight day. It was a tug-of-war between those traders who were scouring the latest corporate earnings for indications that profits remain on an upward trend, which would support higher stock …
Gambling On A Market Bottom
[Chart courtesy of MarketWatch.com] Moving the markets After experiencing bobbing, weaving and some head fakes, traders finally stepped up to the plate and put some money on the betting table that markets might have finally found a bottom. Bullish sentiment received some support from strong earnings, which appeared to show that companies are adapting to economic challenges better than feared …
Head Fake!
[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s rebound, the markets followed through to the upside this morning, as positive earnings by banking powerhouse Goldman Sachs supported the bullish mood. But as we’ve seen many times in the past, sentiment lost steam, and south we went. Contributing to that sudden sour mood was a report from Apple that it …
ETF Tracker Newsletter For July 15, 2022
ETF Tracker StatSheet You can view the latest version here. GAINING FOR THE DAY BUT SLIPPING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets After four days of failed rebound attempts, the major indexes finally managed to squeeze out a gain for the day but ended up losing for the week in conjunction with the S&P 500 …
CPI Shock: Markets Tank, Crank, And Tank
[Chart courtesy of MarketWatch.com] Moving the markets A hotter-than expected inflation report showed that the CPI rose 9.1% YoY in June, which was higher than May’s 8.6% reading, that had been the biggest increase since 1981. Economists expected an 8.8% print. Even the Core CPI, which excludes food and energy, came in at 5.9% and topped the 5.7% estimate. On …