[Chart courtesy of MarketWatch.com] 1. Moving the Markets While a general unease about tonight’s debate kept the major indexes in negative territory all day, other bad news contributed to the weakness as well. New home sales tumbled with prices touching lows not see in some 2 years while the supply of homes rose to 4.6 months from 4.2 months when …
ETF Tracker Newsletter For September 23, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09222016/ ———————————————————— Market Commentary DULL FRIDAY, POSITIVE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower today after three straight days of gains as momentum from the Fed’s decision Wednesday to chicken out on any interest rate hike this month slowed. Despite Friday’s drop, all three major indexes posted gains for the week. …
The Fed’s In Charge: Equities, Bonds And Precious Metals Gain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Thanks to the Fed’s decision of not raising rates and thereby keeping the financial markets happy, the computer algos went wild for a second day in a row with the major indexes, along with gold and silver, benefitting by closing higher although on abysmal volume. Never mind that US growth was forecasted …
The Fed Blinks—Again; No Rate Hike Propels Indexes
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied as the Nasdaq closed at a new record high after the Federal Reserve opted to leave interest rates unchanged but stressed that the case for a hike in rates has “strengthened”. In its statement, the Fed said the “case for an increase in (short-term) rates has strengthened” but that the …
Treading Water
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks inched slightly higher Tuesday ahead of Wednesday’s interest rate decision from the Federal Reserve. There is not much hype to get jittery about this time around, as most believe that there is no hike slated for this year. Also on deck for tomorrow: A rate policy announcement from the Japanese. Shares …
A Failed Rally
[Chart courtesy of MarketWatch.com] 1. Moving the Markets An early rally attempt failed with the major indexes slowly but surely retreating and ending just about unchanged. Anxiety prevailed as Wall Street awaits Wednesday’s key Federal Reserve decision on interest rates. To me, it’s a foregone conclusion that the Fed, for a variety of reasons, such as consistently weakening economic data …