ETF Tracker StatSheet You can view the latest version here. ENDING ON A WEAK NOTE [Chart courtesy of MarketWatch.com] Moving the markets An early upturn hit the skids after a report that a Chinese delegation had canceled plans to visit farms in Montana, as part of negotiations designed to sell more farming products. Helping the positive tone early on …
Slipping And Sliding Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s “feel good” closing ramp carried over into today’s opening, as the major indexes were getting close to test new record highs. Better-than-expected housing and manufacturing data contribute to the bullish sentiment. While the S&P 500 is within 1% of its record closing high, it may not get there until next week due …
Fed Delivers Rate Cut—Stocks Fall—But Jump Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed delivered the goods and cut rates by 0.25%; but stocks sold off. The reason was that the accompanying language in its statement and economic projections cast doubt not only on another rate cut this year but also in 2020. That was a disappointment for traders, who had firmly believed …
Markets Hold Steady Ahead Of The Fed’s Verdict On Interest Rates
[Chart courtesy of MarketWatch.com] Moving the markets It was a matter of treading water for most of the day, with the major indexes limping around their respective unchanged lines, until a last-minute pump pushed the indices up and into a green close. Mid-day attempts to get a rally going fell short, as weakness in the energy sector, due to reports …
Saudi Oil Attack Pulls The Rug Out From Further Market Advances
[Chart courtesy of MarketWatch.com] Moving the markets It came as no surprise that market sentiment took one on the chin, after Saturday’s drone attack on Saudi oil processing plants, which took about 5% of worldwide production offline. While the major indexes retreated, it was a modest haircut considering the recent advances. Oil prices spiked about 13%, down from an earlier …
ETF Tracker Newsletter For September 13, 2019
ETF Tracker StatSheet You can view the latest version here. HOMING IN ON ALL-TIME HIGHS [Chart courtesy of MarketWatch.com] Moving the markets The markets got an early lift from retail sales, despite the August report showing a mixed picture. While purchases of new autos and building supplies contributed to the rise of 0.4% last month, most other stores reported …