[Chart courtesy of MarketWatch.com] Moving the markets When the Fed announced a few weeks ago that it would be buying up Treasury debt to the tune of $60 billion a month, it sure sounded to everyone on Wall Street that another round of QE (Quantitative Easing) had started. However, Fed chief Powell insisted that this is “in no sense is …
ETF Tracker Newsletter For November 15, 2019
ETF Tracker StatSheet You can view the latest version here. DRIVING THE MARKETS: TRADE HOPE AND RETAIL HEADLINE [Chart courtesy of MarketWatch.com] Moving the markets While today’s headline retail number showed a rise of +0.3% MoM, which was better than the expected +0.2%, the under the hood core number looked mixed at best by only rising +0.1% MoM vs. …
Trade Pessimism Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets The bouncing below the unchanged lines went on throughout the session with the major indexes having a hard time seeing green, with only the S&P 500 and Dow briefly peeking into positive territory. The cause for this lack of upward momentum turned out to be usual culprit, namely the latest trade reports casting …
Slumping And Pumping
[Chart courtesy of MarketWatch.com] Moving the markets It was another trading day during which uncertainty ruled. The major indexes survived an early sell-off and bounced back only to be slammed back down below their respective unchanged lines. Give credit to the mid-day slam to a US-China trade problem, caused by reports that that a snag was hit over farm purchases. …
Shifting In Reverse; An Early Rally Peters Out
[Chart courtesy of MarketWatch.com] Moving the markets An early rally petered out, as the S&P 500 briefly surpassed another milestone, namely the 3,100 level, and then faded towards its unchanged line. The move was based on nothing but hope that Trump would later, during a scheduled speech, elaborate about the China trade deal. Focused on that target, and that good …
Stalling… But Not Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets Not just US futures, but global markets as well, hit the skids early on, a sight which we have not seen in some 5 weeks, as the markets have been on a tear ever since dumping during the first 2 days of October. The two catalysts for the early thrashing was simply lack …