[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed leaving interest rates unchanged for the time being, it was the outlook that disturbed the bulls today. Inflation expectations were raised to 3.4% for 2021, which is 1% higher than the March projection. The time frame as to when rate hikes might occur was moved to 2023, during which two …
Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the markets As I posted yesterday, more of the same was indeed how this session turned out. Traders stayed away from making new commitments and, due to lack of buying enthusiasm, the markets drifted aimlessly ahead of tomorrow’s Fed announcement. Although the major indexes wandered into the red, keep in mind that they are still …
Impending Fed Meeting Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets Red numbers were the theme this morning with the Dow and S&P 500 hovering below their respective unchanged lines with the former showing far more weakness than the latter. Resisting the early bearish mood was the Nasdaq, which maintained its bullish position, built on it throughout the session and ended it with a …
ETF Tracker Newsletter For June 11, 2021
ETF Tracker StatSheet You can view the latest version here. Treading Water [Chart courtesy of MarketWatch.com] Moving the markets Throughout the past week, the major indexes having been treading water, and today was no exception. The S&P 500, while peeking again into record territory, managed to eke out a weekly gain of 0.37%. During this session, we saw the …
Shrugging Off Inflation Anxieties
[Chart courtesy of MarketWatch.com] Moving the markets Despite consumer prices accelerating at their fastest pace since mid-2008, with the Consumer Price Index (CPI) rising 5% YoY, you would not have known that by today’s market reaction. Apparently, the investment crowd has bought the theme spewed about by the Fed that inflation is or will be “transitory.” The markets shrugged off …
Digging A Hole And Climbing Out Of It
[Chart courtesy of MarketWatch.com] Moving the markets An early upswing for the major indexes ran out of steam mid-morning with all three of them plunging into the red. This dip below the unchanged line did not last very long, and a slow but steady recovery pulled the indexes out of that early hole and back into green territory. However, only …