[Chart courtesy of MarketWatch.com] Moving the markets Despite staggering around their respective unchanged lines for most of the session, a mid-day burst propelled the major indexes solidly into the green with the Nasdaq leading the charge. The S&P 500 snapped a 4-day losing streak supported by soothing words from the Fed: Traders also digested remarks by Federal Reserve Chairman Jerome …
Markets Dump—No Place To Hide
[Chart courtesy of MarketWatch.com] Moving the markets As the futures last night indicated, today would be a downer for the markets, and that’s exactly how it turned out. The Dow was down over 900 points mid-day but recovered to “only” close in the red by some -500 points. The other two major indexes slumped in similar fashion but recouped better …
ETF Tracker Newsletter For September 18, 2020
ETF Tracker StatSheet You can view the latest version here. STUMBLING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Sloppy and choppy best describes the swan dives the major indexes did today, as the S&P 500 gave up gains made early in the week and closed with a modest loss of some -0.66%. A last hour bounce …
The Roller Coaster Ride Accelerates
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I pointed towards more choppiness in the markets and, as if on command, we witnessed a wild roller coaster ride today. It started with a huge dump, followed by a pump to the unchanged line, which was followed by another dump and a failed last-ditch effort to get to green. The futures …
Fed Keeps Rates Unchanged—An Early Pop Is Followed By A Late Drop
[Chart courtesy of MarketWatch.com] Moving the markets The Fed did everything it could to put a positive spin on its pledge to keep rates low for the next few years: The U.S. central bank kept interest rates near zero. Members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023. “With inflation running persistently …
Tech In Rebound Mode
[Chart courtesy of MarketWatch.com] Moving the markets After its worst week since March, the tech sector managed to bounce back, along with the other major indexes, to end the session solidly in the green but off the intra-day highs. The big jump happened right after the opening on news of corporate deal making and improved prospects for a Covid-19 vaccine …