ETF Tracker StatSheet You can view the latest version here. DOVISH FED PROPELS MARKETS [Chart courtesy of MarketWatch.com] Moving the markets Equities received a giant boost from Fed head Powell’s statement that he supports starting to “taper bond purchases” this year, which was expected. What was not expected was his dovish tone, AKA a nothing burger, by not discussing …
Keeping The Bullish Premise Buzzing
[Chart courtesy of MarketWatch.com] Moving the markets Right now, it seems there is no stopping the bullish train with the S&P 500 taking out its 4,500 milestone for the first time, while the other two major indexes continued their winning streak as well. Bond yields rocketed higher with the 10-year climbing to 1.35%, which was the highest level since earlier …
Holding Steady
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s ramp, you could have expected some sort of pullback in the markets, but the rally continued unabated with some sell off into close, however, green numbers prevailed. Leading the charge was the Nasdaq with a gain of +0.52%. Helping the major indexes to maintain upward momentum was news that US regulators …
High Anticipations
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a strong opening, which is exactly how things played out. The major indexes roared out of the gate with all three of them displaying solid gains, but the leader was the Nasdaq by showing off with an advance of +1.55%. Last week’s weakness was shoved in the rear-view …
ETF Tracker Newsletter For August 20, 2021
ETF Tracker StatSheet You can view the latest version here. A POSITIVE CLOSE ENDS A DOWN WEEK [Chart courtesy of MarketWatch.com] Moving the markets After Monday’s bounce, it was all downhill, although moderately, but today the bulls found their mojo again with the major indexes staging a broad recovery lead by the Nasdaq’s 1.19% charge. It was a positive …
Searching For Clarity And Direction
[Chart courtesy of MarketWatch.com] Moving the markets On deck today were the Fed minutes from the July meeting, which disclosed what everyone already knew, namely that discussions about a possible reduction of its monthly $120 billion bond buying program had already happened. Here’s what the minutes said: Looking ahead, most participants noted that, provided that the economy were to evolve …