[Chart courtesy of MarketWatch.com] After a solid green close on Wednesday, the markets reversed course early on Thursday as traders sought more clarity on the latest tariff measures and their economic impact. Despite Commerce Secretary Lutnick’ s announcement of likely one-month exemptions for “more than just carmakers,” markets remained mired in uncertainty throughout the morning and turned downward in the …
Gold And Bitcoin Rebound As Markets React To Tariff Exemption
[Chart courtesy of MarketWatch.com] The major indexes attempted an early relief rally, but conflicting economic data and uncertainty over Trump’s tariffs and their duration kept them fluctuating around their respective unchanged lines. ADV’s private payroll report showed less job growth than anticipated, while service sector data slightly exceeded expectations. This reinforced the view that the economy is cooling. After a …
Stocks Plunge As Trade Tensions Rise, Bitcoin And Gold Rally—Sell Signal On Deck?
[Chart courtesy of MarketWatch.com] Equities continued their downward slide today as Trump’s tariffs on China, Mexico, and Canada went into effect. The affected countries announced retaliatory measures, sparking fears among traders of an all-out trade war and its potential negative economic impacts. Monday’s market drop pushed the widely followed S&P 500 into the red for the year, with losses deepening …
Equities Stumble As Economic Data Raises Stagflation Fears
[Chart courtesy of MarketWatch.com] Equities started the first trading day of March with aimless meandering, leading to a rocky start. Soft economic data from the construction and manufacturing sectors released today raised concerns about the state of the economy, causing major indexes to head sharply south and nearly wipe out Friday’s gains. This reinforces the point that we have reached …
ETF Tracker Newsletter For February 28, 2025
ETF Tracker StatSheet You can view the latest version here. VOLATILE FEBRUARY ENDS WITH EQUITIES RECOVERING STRONGLY [Chart courtesy of MarketWatch.com] The major indexes advanced this morning as the much-anticipated PCE index, the Fed’s preferred inflation gauge, met expectations. The data showed that inflation eased slightly in January, increasing by 0.3% for the month and 2.5% on an annual …
Equities Fall As Jobless Claims Rise And Pending Home Sales Collapse
[Chart courtesy of MarketWatch.com] Despite Nvidia exceeding fourth-quarter estimates and providing strong AI guidance, mixed aspects of their earnings report led to an 8.5% drop in the stock. Major indexes followed suit, closing another session in the red. Adding to the market’s woes, Trump’s announcement that tariffs on Mexico and Canada would proceed as planned, effective March 4th after a …