[Chart courtesy of MarketWatch.com] Moving the Markets While equities started the day on a negative note, they did improve throughout the session and ended only fractionally lower. The post-election rally hit another snag as Trump’s protectionist stance on trade did nothing to soothe the bullish crowd on Wall Street. First, Trump signed paperwork to formally withdraw the US from the …
ETF Tracker Newsletter For January 20, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01192017/ Gold Pops As Dollar Drops [Chart courtesy of MarketWatch.com] Moving the Markets An early rally gave way to a pullback, but the major indexes managed to claw back towards the end of the session and closed up but, for the week, the S&P 500 lost modestly by surrendering 4 points. Of course, the inauguration took center …
Equities Fall Ahead Of Inauguration
[Chart courtesy of MarketWatch.com] Moving the Markets It was a mixed bag with upbeat economic news not being able to offset the anxiety about tomorrow’s inauguration. Besides sinking equities, bonds and gold dropped as well while the US dollar and crude oil bucked the trend and closed up. On the economic front, housing starts rose but building permits inched slightly …
Financials Provide A Last Minute Boost
[Chart courtesy of MarketWatch.com] Moving the Markets It’s been no secret that the post-election rally hit a speed bump with the S&P 500 having moved within a 4 point range, on a closing basis, for the past 2 weeks. Anxiety continues to prevail as to whether Trump can really deliver on his campaign promises. Retail shares were the anchor weighing …
ETF Tracker Newsletter For January 13, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01122017/ Banks Pumped And Dumped [Chart courtesy of MarketWatch.com] Moving the Markets Facebook’s 1.36% gain, the result of a stock upgrade by Raymond James, helped push the Nasdaq into record territory; the Dow faded below the unchanged line, and the S&P 500 managed to inch +0.18% higher for the day but gave back -0.1% for the week. …
The Trump Trade Deteriorates
[Chart courtesy of MarketWatch.com] Moving the Markets Things started out to the downside with the S&P 500 sliding almost 1% after Wall Street had some time to digest President-elect Trump’s press conference. Disappointment spread as he chose not to discuss details of his proposed economic policies that were the main driver behind the post-election rally. However, the indexes were magically …