[Chart courtesy of MarketWatch.com] Moving the markets The same old anxieties were moved to the front burner again, namely what the delta variant’s impact might be on the economic reopening. At least that’s the headline news, but looking under the hood for the real reason, it appears to me the fact that 7 million people lost their extra unemployment benefits …
ETF Tracker Newsletter For September 3, 2021
ETF Tracker StatSheet You can view the latest version here. EKING OUT ANOTHER WIN [Chart courtesy of MarketWatch.com] Moving the markets All eyes were focused on today’s jobs report, which turned out to be a huge disappointment with only 235k jobs being added during August, a far cry from the expected 725k. As Zero Hedge explained, this number was …
Sizzling And Fizzling
[Chart courtesy of MarketWatch.com] Moving the markets The markets stumbled into the first trading day of September with an early rally running out of steam, but the major indexes managed to stay close to their respective unchanged lines. The exception was the Nasdaq, which showed most of the staying power by not only remaining solidly in the green throughout the …
Closing A Bullish Month On A Whimper
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to close the notoriously slow month of August on a whimper, but unscathed and with bullish momentum intact. It was a day of churning with the S&P 500 touching a new intraday high but then fading below its unchanged line. For the month, all three of them came out …
ETF Tracker Newsletter For August 27, 2021
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 …