[Chart courtesy of MarketWatch.com] Moving the Markets Geopolitical uncertainties, such as the London terrorist attack and the upcoming testimony of former FMI chief Comey, combined to pull the starch out of last week’s upward momentum. Not helping matters was the continuing weakness in the US Macro data index, which has slipped now to its lowest level since February 2016 when …
ETF Tracker Newsletter For June 2, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06012017/ SAME OLD STORY: ANY NEWS IS GOOD NEWS FOR THE MARKETS [Chart courtesy of MarketWatch.com] Moving the Markets After yesterday’s euphoric reaction to ADP’s private sector hiring report, reality set in this morning when the BLS released the May jobs report showing that only a disappointing 138k jobs were added in May, which was far below …
Afternoon Rally Starts June With A Bang
[Chart courtesy of MarketWatch.com] Moving the Markets Private sector hiring as reported by ADP, which added a seasonally adjusted and bigger–than-expected 253k rise in employment for May, set the tone for the market, as the major indexes climbed steadily above the unchanged line and into record territory. As has been the case in the recent past, negative news like US …
Closing Out May On A Weak Note
[Chart courtesy of MarketWatch.com] Moving the Markets For the second day in a row, the major indexes limped slightly lower but ended up closing the out the month on the plus side. The Nasdaq took the lead with +2.5%, followed by the S&P 500 with +1.2%, while the Dow desperately hung on to the unchanged line but conquering it by …
Going Nowhere Fast
[Chart courtesy of MarketWatch.com] Moving the Markets The markets seemed to have a hangover after the 3-day weekend with the major averages remaining stuck below the unchanged line giving back some of last week’s gains. Macro data continues to head south as consumer confidence dropped to its weakest since February confirming that hope has faded as evidenced by plans to …
ETF Tracker Newsletter For May 26, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/05/weekly-statsheet-etf-tracker-newsletter-updated-05252017/ PUSHING HIGHER [Chart courtesy of MarketWatch.com] Moving the Markets Despite treading water all day, the S&P 500 and Nasdaq managed to crawl slightly above the unchanged line, thanks to a last minute levitation, thereby closing at another all-time high. Today’s assist came from a rise in consumer discretionary stocks like Best Buy (BBY), which pulled back …