[Chart courtesy of MarketWatch.com] Moving the markets The wishful thinking of traders and algos alike, that peak inflation was behind us, came to a screeching halt today, when the latest CPI number showed a worse than expected reading of 8.3, and that a Fed pivot to lower rates is now nowhere on the horizon. For months, I have commented ad …
Front Running The CPI Report
[Chart courtesy of MarketWatch.com] Moving the markets Stocks continued last week’s momentum to higher ground, as traders are still convinced that peak inflation is in the rear-view mirror, and that future rate hikes might be smaller because of it. That goes against Fed head Powell’s repeated assertions that he remains “strongly committed” to bring down inflation. No matter how the …
ETFs On The Cutline – Updated Through 09/09/2022
Below, please find the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For September 9, 2022
ETF Tracker StatSheet You can view the latest version here. SHATTERING A 3-WEEK SLUMP [Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed having gone all out with its resolve of fighting inflation confirmed via a variety of speeches by Fed governors and Fed head Powell himself during his Jackson Hole 10-minute closing speech, the markets are simply …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/08/2022
ETF Data updated through Thursday, September 8, 2022 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Shaking Off A Three-Week Slide
[Chart courtesy of MarketWatch.com] Moving the markets All eyes were on today’s release of the Fed’s Beige Book, which showed again that bad news can be good news, as far as the markets are concerned. To sum it up, key words that assisted the bulls were “downgraded growth,” “softening demand,” and “moderating price increases.” Manufacturing was mixed, with supply chain …