[Chart courtesy of MarketWatch.com] Moving the markets The trade war rhetoric between the U.S. and China heated up over the weekend, with both sides threatening a variety of consequences. The major indexes headed south with the Nasdaq taking the brunt of the losses. Chipmakers took it on the chin, as U.S. tech companies, in compliance with White House requests, have …
ETF Tracker Newsletter For May 17, 2019
ETF Tracker StatSheet You can view the latest version here. ENDING THE WEEK ON A SOUR NOTE [Chart courtesy of MarketWatch.com] Moving the markets The struggle for direction shifted into high gear when, after a weak opening, the algos pushed the indexes back into the green, only to see the gains disappear in a sudden late session sell off. …
Notching A Third Day Of Gains
[Chart courtesy of MarketWatch.com] Moving the markets A third day of gains kept the bulls in charge with the major indexes ending up solidly in the green, as it turned out that a worsening global trade picture is now considered a good thing for equities. Go figure… To be fair, an early assist came from a couple of blue-chip stocks, …
Trade Hope Keeps Rally Alive
[Chart courtesy of MarketWatch.com] Moving the markets A market opening in the red turned into a positive, as trade hope was kept alive on that other trade war front, namely Europe. We heard that an unexpected bit of good news spread like wildfire when Trump announced that he plans to delay imposing tariffs on EU auto imports by six months. …
Comeback Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets A nice rebound rally, which wiped out some of yesterday’s steep losses, ran into resistance late in the session, but the major indexes managed to close in the green for a change. Trade anxieties remained and contributed to the indexes coming off their best levels Trump stepped up to the plate again attempting …
U.S.-China Trade Mayhem Crushes Equities
[Chart courtesy of MarketWatch.com] Moving the markets It was clear to me on Sunday afternoon, that today would be bad day in the markets when China’s Premier Liu He tweeted that China is planning to retaliate, and three core concerns would have to be addressed: China has made public 3 core concerns that must be addressed &it won’t make concessions …