ETF Tracker StatSheet You can view the latest version here. SEESAWING FOR THE DAY AND DUMPING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Stocks were fortunate that today’s $3.9 trillion quadruple options expiration’s event did not do more damage to an already beaten down equity market. While it was a seesaw day, the major indexes ended …
Fed Hikes Rates Sharply—Will Stay Aggressive
[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed announcement came and went, with the Fed hiking rates by 75 basis points, its largest increase since 1994. They also hinted at a similar increase in July, which indicated some seriousness about its inflation fighting efforts, but it also caught traders of guard. It’s been no secret that the Fed’s …
Early Bounce—Late Trounce
[Chart courtesy of MarketWatch.com] Moving the markets After an early pump, which faded in a hurry, the major indexes dug themselves another hole, but a late session bounce helped avoid a much worse outcome. Still, the Dow and S&P 500 scored another loss, with the Nasdaq clinging to its unchanged line and closing in the green by a tiny margin. …
Black Monday: Sell Programs Pummel Markets
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s drubbing was followed by an ugly overnight futures session, which already pointed towards another knock-down of the buy-and-hold crowd and the dip-buyers. Things got worse as the fifth largest ‘sell program’ in history was launched, as ZeroHedge elaborated, and wreaked havoc with the markets, while sending the S&P 500 back into official …
ETF Tracker Newsletter For June 10, 2022
ETF Tracker StatSheet You can view the latest version here. LATEST CPI READING PUMMELS STOCKS [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s spanking, which left the major indexes in the red by some +2%, with the Dow dumping over 600 points, today’s session presented another rude awakening thanks to a worse than expected CPI reading. The Dow …
Bond Yields Pump And Stocks Slump
[Chart courtesy of MarketWatch.com] Moving the markets The roller coaster ride continued, as yesterday’s rebound vanished in a hurry, with the major indexes giving back more than they gained in the prior session. Bonds reversed Tuesday’s yield slippage with yields rising and the 10-year reclaiming its 3% level by closing at 3.03%. Updates and warnings from major companies (Credit Suisse, …