ETF Tracker StatSheet You can view the latest version here. GOOD NEWS IS BAD NEWS AGAIN—BOND YIELDS EXPLODE; EQUITIES TUMBLE AND RECOVER [Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen many times in the past, good economic news turned out to be bad news for equities, which took a steep dive at the opening after a better …
Markets Meander, But Buyers Step In During The Last Hour—Again
[Chart courtesy of MarketWatch.com] Moving the markets Moving around their respective unchanged lines was the motto of the day, as fading optimism from the trade ceasefire kept bullish momentum in check. However, in a repeat performance of yesterday, sudden buying pressure during the last hour prevented the major indexes from closing in the red, despite the short-squeeze having run out …
No Trade Deal, But A Ceasefire Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets The much-awaited trade deal did not happen, but markets were relieved that the situation did not worsen. In fact, Trump and his counterpart Xi agreed to resume talks that had ended in May. Both sides gave a little with Trump lifting some restrictions on telecom giant Huawei to conduct business with U.S. companies, …
ETF Tracker Newsletter For June 28, 2019
ETF Tracker StatSheet You can view the latest version here. EDGING HIGHER ON HOPE FOR U.S.-CHINA TRADE PROGRESS [Chart courtesy of MarketWatch.com] Moving the markets While the major indexes traded above their respective unchanged lines throughout the session, a late push higher appeared to put an exclamation mark at the end of the day, as if to imply that …
Bad News Keep Markets Elevated—Hope Prevails Of A 0.5% July Rate Cut
[Chart courtesy of MarketWatch.com] Moving the markets Boeing put a dent into the Dow’s performance today, which lagged as a result of news that the 737 MAX airplane has a “glitch” that could send it into an “uncontrollable” nosedive. That sent the shares tumbling early on, but they ended up stabilizing and finishing with a minor loss of some -2.5%. …
China Trade Deal Optimism Turns Into A False Alarm
[Chart courtesy of MarketWatch.com] 1. Moving the markets I had to laugh this morning, when I saw the early market spike explained as having been a grammatical error. According to an early CNBC headline saying that Treasury Secretary Mnuchin said a trade deal “IS” 90% complete, and repeated by Bloomberg, pushed the computer algos into buying mode. As it turned …