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 …
Rally Expands—Then Runs Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets An early rally ended up running out of steam and might have even produced a red close, but fortunately, we ran out of trading time. The initial boost came from Europe, as the European Central Bank (ECB) followed through on hopes that they’d dig into their toolbox and cut the deposit rate further …
S&P 500 Reclaims Its 3,000-Milestone Marker
[Chart courtesy of MarketWatch.com] Moving the markets After a slow start, upward momentum picked up, and after a brief dip late in the session, the major indexes surged into the close led by the Nasdaq. The S&P 500 managed to barely reclaim its 3k marker, which it had surrendered at the beginning of August, while the Dow notched its 6th …
Spiking Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Throughout the session, the major indexes hovered below their respective unchanged lines, as US-China trade news offered a mixed picture, while a look ahead to the upcoming central bank policy meetings kept traders on edge. Except for a last-minute spike in equities, interest rates kept a lid on advances with the 10-year bond …
ETF Tracker Newsletter For September 6, 2019
ETF Tracker StatSheet You can view the latest version here. SHRUGGING OFF A POOR JOBS REPORT [Chart courtesy of MarketWatch.com] Moving the markets Today’s jobs report came in weaker than expected, as only 130k jobs were created in August vs. a hoped for 170k. Stocks shrugged off the poor number with traders and algos alike seeing the positive in …
Breakout!
[Chart courtesy of MarketWatch.com] Moving the markets Just when you thought the trade deal was dead, news that US and Chinese officials declared a tentative resumption of tariff talks made the headlines, and off to the races we went with the computer algos pushing the indexes sharply higher. Mind you that nothing worthwhile was accomplished. The warring parties simply agreed …