[Chart courtesy of MarketWatch.com] Moving the markets Despite a slow start, the S&P 500 and Nasdaq found some upward momentum late in the session and broke out of a sideways trend with the former scoring a new all-time high. Anxiety about the Consumer Price Index (CPI) faded with the index rising in March by 0.6% vs. 0.5% expectations. YoY we …
Sliding Into Earnings Season
[Chart courtesy of MarketWatch.com] Moving the markets Subdued trading best describes today’s session during which the major indexes operated within a tight range. Despite a red close, the losses were minor, and the activity resembled a lack of motivation due to key inflation data and first quarter earnings awaiting on deck. Market volatility continued to decline, as seen by the …
ETF Tracker Newsletter For April 9, 2021
ETF Tracker StatSheet You can view the latest version here. LEAPING INTO THE CLOSE [Chart courtesy of MarketWatch.com] Moving the markets A last hour ramp pulled the major indexes out their sideways pattern and pushed them into a solid green close. For a change, the Dow led the pack by scoring another record high with the Nasdaq only in …
Discovering Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets After two days of aimless sideways meandering, the markets broke out to the upside although in moderate fashion. Nevertheless, it was enough of a spurt for the S&P 500 to score a new record high, while the index stopped just short of breaking through the 4,100 level. “Growth” outperformed “value” by a wide …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets Despite the markets having moved in a tight range, and pretty much ended the session unchanged, it was enough of a gain for the S&P 500 to score another record close. All eyes were on the release of the Fed minutes, which showed continued commitment by the Central Bank to support an accommodative …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets With the markets having surged into April, it was time for the pace to slow down, and that is what we saw today. The S&P 500 broke a 3-day winning streak with the indexes coming off their record highs, although by only a small margin. Bond yields continued to ease up with the …