[Chart courtesy of MarketWatch.com] Moving the markets The major indexes staged a turnaround, after yesterday’s pullback, encouraged by an apparent ease in Hongkong tensions. Chief executive Carrie Lam announced that she would withdraw the controversial extradition bill that has sparked months of violent protests, which were feared to eventually hurt the business climate and global financial markets. While this bill …
Markets Resemble A Deer In The Headlight
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s rally was based on nothing more than rekindled optimism that the ever-accelerating trade war with China may be “again” on another verge of the warring parties agreeing to a ceasefire. On the other hand, how many times can you cry “wolf” before it’s being ignored. Apparently, we have not reached that …
ETF Tracker Newsletter For August 30, 2019
ETF Tracker StatSheet You can view the latest version here. TRADE WORRIES CONTINUE TO DISSIPATE; S&P 500 UP FOR DAY BUT DOWN FOR THE MONTH [Chart courtesy of MarketWatch.com] Moving the markets An early rally bit the dust with the major indexes losing upside momentum, dipping into the red and bouncing around their respective trend lines throughout most of …
Easing Trade War Fears Fuel Markets
[Chart courtesy of MarketWatch.com] Moving the markets When all else fails, a few well-chosen words seem to be enough these days to put a sagging market back into bullish mode. Such was the case today, when China indicated that they were in no rush to respond to the latest round of tariffs announced by Washington. In the process, this week’s …
Digging A Hole And Climbing Out Of It
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early sell-off, caused by the bond market flashing a recession signal, the major indexes managed to climb out of that hole supported by a lift from the energy sector, as oil prices showed new signs of life. Even with that good effort, we remain stuck in a trading range with the …
Losing Momentum; Hope For A Trade Deal Vanishes
[Chart courtesy of MarketWatch.com] Moving the markets An early follow through rally hit the skids and reversed with the major indexes ending up closing in the red. It seems that yesterday’s attempt by the White House to try to revive the trade carrot ran out of steam, when China’s Global Times editor signaled that there appears to be no great …