[Chart courtesy of MarketWatch.com] Moving the markets The markets continued their bullish ways into a new week with the supporting actor being the upbeat mood caused by last week’s preliminary trade deal between the US and China. Despite of all the hysteria, many questions remain over the details of the much-hyped “phase one” accord. The Chinese were pleased, because it …
ETF Tracker Newsletter For December 13, 2019
ETF Tracker StatSheet You can view the latest version here. SEE-SAWING BUT EKING OUT SOME TINY GAINS [Chart courtesy of MarketWatch.com] Moving the markets An early spike hit a brick wall with the S&P 500 backing off its highs and fading below the unchanged line. That came as no surprise, as the US-China trade deal saga affected market direction …
Positive Trade News Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets It’s amazing what little it takes to send the computer algos on a bullish run and in the process pushing the major indexes into record territory. Trump’s announcement that “a big deal” with China is “getting very close” and “they want it, and so do we” were the magic words that ramped equities …
Fed Pleases Markets—Sentiment Remains Cautious
[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed left interest rates on hold but indicated that they have no plans for any changes through the end of 2020. In fact, the assessment of the economy was more upbeat, which caused market sentiment to remain cautious. Powell reiterated that the “current stance of monetary policy is appropriate” to …
Limping Lower
[Chart courtesy of MarketWatch.com] Moving the markets Bobbing and weaving best describes today’s session with the major indexes being stuck in a sideways pattern after rebounding from an early dip. The latest news from the US-China trade debacle points to some progress in that trade negotiators are “laying the groundwork for a delay” of the new 15% import tariffs scheduled …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts, the bulls were not able to sustain Friday’s upward momentum, and the major indexes pulled back to close moderately in the red, but the dive into the close could be cause for concern. Trade negotiations were in focus again ahead of the looming deadline on US-China tariffs, along with …