[Chart courtesy of MarketWatch.com] Moving the markets So far, my guess that yesterday’s plunge might have been an outlier looks to be correct, as the markets staged a comeback rally by recouping more than yesterday’s losses. This came in part due to Trump walking back his tough talk by tweeting support for an immediate $25 billion for Airline Payroll package …
Markets Nosedive On Trump’s Comments
[Chart courtesy of MarketWatch.com] Moving the markets A choppy but nevertheless positive follow through rally from yesterday’s rebound ran into a brick wall, reversed, and nosedived during the last hour of the session. This would have not been a surprise had the usual suspects, like Covid-19 or the always headline-worthy tug-of-war stimulus battles been the cause, but today was different. …
Rebounding With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets After the markets ended last week with a whimper, there was none of that left today, as the major indexes jumped out of the gate, never looked back, and shifted into overdrive during the last hour. The result was a solid and broad advance supported by various news headlines. One was the announcement …
ETF Tracker Newsletter For October 2, 2020
ETF Tracker StatSheet You can view the latest version here. STAGGERING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Traders woke up this morning to a real October shock, namely that President Trump and his wife had tested positive for Covid-19, after one of his senior advisors, who traveled with him, had tested positive as well. The …
Early Gains Dwindle
[Chart courtesy of MarketWatch.com] Moving the markets The futures market already fluctuated between stimulus pessimism and optimism causing the S&P to oscillate wildly, as this chart shows. The regular session continued with that volatile theme when, similarly to yesterday, an early rally hit a brick wall with the indexes resembling a roller-coaster ride. The exception was the Nasdaq, which continued …
Ending The Quarter With A Bounce
[Chart courtesy of MarketWatch.com] Moving the markets After the somewhat chaotic US presidential debate, the future markets headed lower by as much as 1%, with Asian trading being sloppy and choppy, while Europe also headed south. None of that mattered, as renewed hopes for further coronavirus stimulus pushed the major indexes to higher levels throughout the session in addition to …