[Chart courtesy of MarketWatch.com] Moving the Markets Fed chief Yellen was in the spotlight during her congressional testimony at which time she pointed out that the election outcome has not changed the Fed’s plan for a rate increase “relatively soon” and absent any dramatic changes, a gradual pace of hikes thereafter. Sounds like the same rhetoric we’ve heard all year …
A Pause In The Post-Election Rally
[Chart courtesy of MarketWatch.com] Moving the Markets It was a mixed day with the S&P meandering slightly below its unchanged line caused by Wall Street digesting a healthy dose of economic data points. Industrial production tanked again and has now contracted for the 14th straight month, which is its longest non-recessionary streak in 96 years. To look at it another …
Post Election Updraft Continues
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes extended their post election really with the Nasdaq being the winner of the day with a gain of +1.10%. The Dow managed to again creep into record territory while the S&P added a solid +0.75%. Energy stocks provided the fuel with oil racing ahead with a gain of +5.82% in …
The Trump Pump Slows: Dow Inches Into Record Territory But Nasdaq Drops
[Chart courtesy of MarketWatch.com] Moving the Markets It was a tale of different markets. While the DIA made a new all-time high, the Nasdaq dropped as the rotation continued out of tech into financials, industrials, energy and transportation, all being powered by expectations that Trump’s economic policies might be beneficial for those sectors. The dollar surged as emerging markets got …
ETF Tracker Newsletter For November 11, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11102016/ ———————————————————— Market Commentary A WILD RIDE: GOLD CRASHES, BONDS LOSE OVER $1 TRILLION IN SECOND WORST WEEK EVER [Chart courtesy of MarketWatch.com] Moving the Markets It was wild week in the markets, and it continued today despite the bond market being closed. Besides the Dow making a new all-time high, and other indexes joining to …
From Feast To Famine To Feast: Trump Wins, Stock Futures Crash, Massive Rebound Follows
[Chart courtesy of MarketWatch.com] Moving the Markets It’s hard to put the market action of the past 24 hours into words. As Trump’s election victory became apparent last night, volatility shifted into overdrive and stock futures headed sharply south triggering the “limit down” trading stop after having lost 5%. For sure, you thought today would have turned into a bloodbath …