[Chart courtesy of MarketWatch.com] 1. Moving the Markets Friday’s rally following the 287k jobs number, which was only impressive on the surface, continued into Monday as traders considered the current situation a Goldilocks scenario. Because there is continued uncertainty about the fallout from the Brexit vote, the higher than expected jobs number is not seen as a signal that the …
ETF/No Load Fund Tracker Newsletter For July 8, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07072016/ ———————————————————— Market Commentary MARKETS END SOLID AFTER KEY JOBS REPORT [Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 approached setting a new closing high today after a stronger-than-expected jobs report sparked a huge rally and Wall Street finally recouped all of its ‘Brexit’ related losses. The jobs report that many …
Major Indexes Go Nowhere; Mega Food Deal In The Making
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks on Wall Street ended mixed despite a solid report on employment and a big proposed deal in the food sector. Paris-based Danone, maker of Dannon yogurt, agreed to acquire organic food provider WhiteWave Foods (WWAV) for $56.25 based on a valuation of 26x cash flow, which equates to an enterprise value …
Markets Push Back Towards 2,100 Despite Global Sell-Off
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks here in the U.S. brushed off early losses, despite a global sell-off, to end higher today. U.S. government bond yields bounced back from fresh record lows amid continued market turbulence following the surprise Brexit vote two weeks ago. Yesterday and early today, it seemed that investors were reconsidering the implications of …
Brexit Aftershock Shakes Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks departed from their post-Brexit bounce and ended lower to kick off the shortened week here in the U.S. It appears that even after a long Holiday weekend the Brexit event is still lingering in geopolitical and financial news. All three major indexes closed at least 0.60% lower on the day. Early …
ETF/No Load Fund Tracker Newsletter For July 1, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06302016/ ———————————————————— Market Commentary SOLID END TO A VOLATILE SECOND QUARTER [Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market extended its post-Brexit rally to four days as it kicked off the first day of third quarter trading. As it stands today, the major indexes are just short of wiping out …