[Chart courtesy of MarketWatch.com] Moving the markets As was expected, the Fed cut interest rates by 0.25%, and analysts were salivating all over the language in the accompanying statement, in order to see what might have been said different this time. The wording shifted slightly to a more hawkish stance from: “…will continue to monitor the implications of incoming information …
Slipping Ahead Of The Fed Announcement—Will History Repeat Itself?
[Chart courtesy of MarketWatch.com] Moving the markets After an early bounce, the markets pulled back with the Nasdaq suffering the most after Google’s disappointing earnings, which followed a few days later after Amazon showed a quarterly report card that was not up to expectations. I was surprised to see this little of a fallout from these 2 behemoths, which usually …
Unbridled Optimism Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets President Trump set the tone early on for today’s rally by suggesting that “today will be a good day in the stock market,” and just in case the computer algos missed his prediction, he created more excitement via his remark that “the China deal is moving forward ahead of schedule.” Of course, we …
ETF Tracker Newsletter For October 25, 2019
ETF Tracker StatSheet You can view the latest version here. SCRAMBLING AND TOUCHING NEW ALL-TIME HIGHS [Chart courtesy of MarketWatch.com] Moving the markets The hope that Amazon’s earnings report would provide the firepower to propel the markets into record territory proved to be false, as the behemoth showed its first profit drop in two years, causing its stock to …
Seesawing—But Limping Higher
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s last-minute pump, to get the major indexes to a green close, finally made sense, when it became known that the Fed had injected $134 billion in liquidity in the repo markets. This event sparked a furious last hour rally, which ZH charted like this. As the table shows, the increase in liquidity …
Chopping Around Key Technical Levels
[Chart courtesy of MarketWatch.com] Moving the markets Despite disappointing results from Boeing and Caterpillar, the markets managed an early ramp higher but were not able to sustain it, as a slow deterioration of upward momentum pulled the major indexes back below the unchanged line. Traders had one eye on the Brexit developments, where the latest parliamentary vote eased concerns about …