[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite talking out of both sides of its mouth for weeks, the Federal Reserve announced at the close of its meeting today that it would keep interest rates unchanged. While commenting on the matter though, Yellen said a July hike “is not impossible,” suggesting that strong job growth in June and substantial upward revisions …
Fourth Straight Loss For Domestic Indexes
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks extended their decline today as the Fed began its two-day policy meeting. The general sentiment is that rates are going to be hiked anytime soon, so that potential announcement is fairly well baked into prices throughout the market at this point; that’s the official version. Personally, when looking at the consistently …
Nervous Monday: Markets Retreat
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street was a mess today after the shooting in Florida this past Sunday morning. This unfortunate incident, alongside uncertainty ahead of the U.S. Federal Reserve’s meeting this week and on mounting concern about Britain’s possible exit from the European Union did not equate to a prosperous trading day in the market …
ETF/No Load Fund Tracker Newsletter For June 10, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06092016/ ———————————————————— Market Commentary RUNNING INTO A BRICK WALL [Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets were on a hot streak heading into today’s trading, driven by well-performing energy stocks and oil. However, the hopes of the S&P 500 breaking into record territory slowly faded into dust as all 3 major indexes …
S&P 500 Can’t Break Through; Winning Streak Ends
[Chart courtesy of MarketWatch.com] 1. Moving the Markets European and Asian markets were down and so were the US major indexes, at least in the early part of the session. Then the usual afternoon Lift-A-Thon pulled the major indexes up but we still closed slightly below the unchanged line. Well, Wall Street was hoping that the S&P 500 would push …
Energy Component Top Performer For S&P 500
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 continued to push towards its all-time high of 2,130.82 today, as the index closed at 2,119.12. Surprising as it may seem, energy has been the main driver for the S&P 500 this year. The Standard & Poor’s 500 index energy sector is up 14.8% to date, which makes it …