[Chart courtesy of MarketWatch.com] Moving the markets There was not much motivation on the part of the bulls to engage and keep this market from fizzling. The big three, namely lack of progress on the trade dispute with China, mixed earnings results and weak headlines for economic numbers, combined to create a lackluster session. In other words, the recently observed …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between news stories that kept traders on edge with some headlines causing a sell-off, others creating a recovery, but in the end, the major indexes closed in the red. We didn’t see the usual last 30-minute rebound due to Trump’s comments that “trade has a long way to go,” …
Markets Under Pressure; Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the markets Throughout today’s session, equities were under pressure due to the looming earning season. Traders were a bit anxious to find out if some of the poor economic data points of the last quarter, or the U.S.-China trade war, are having an impact on companies’ bottom lines. The major indexes spent most of the …
ETF Tracker Newsletter For July 12, 2019
ETF Tracker StatSheet You can view the latest version here. BANKING ON A FED RATE CUT [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally continued this morning and accelerated throughout the session, as traders were now convinced that a rate cut by the Fed is a sure thing, so front running was the name of the game. Since …
Fed Pledges To ‘Do Whatever It Takes…’
[Chart courtesy of MarketWatch.com] Moving the markets The markets opened higher, pulled back but maintained its presence safely above the unchanged line. The S&P 500 succeeded in briefly crawling above its 3,000-milestone marker, retreated in a hurry but managed to close in the green, as did the other 2 major indexes. The Nasdaq fared the best by sporting a +0.75% …
Waiting For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets An early slide managed to gain some traction, followed by a small rebound that had the S&P 500 hugging its unchanged line throughout most of the session, before a last-minute pump pushed the index into the green by a tiny margin. The outlook for interest rate reductions later this month has become clouded, …