ETF Tracker StatSheet You can view the latest version here. CLIMBING A WALL OF WORRY [Chart courtesy of MarketWatch.com] Moving the markets Given the news events this week, it has become clear that markets have simply disconnected from reality and therefore were able to climb a wall of worry. Here’s why: The war in Ukraine continues The Fed is …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/24/2022
ETF Data updated through Thursday, March 24, 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 …
Ignoring Reality
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s drubbing, short-term market direction reversed again with the major indexes recovering just about all of Wednesday’s losses. A drop in jobless claims to the lowest in decades provided the backdrop and gave confidence that the economic recovery remains on track, despite much evidence to the contrary. Hope that a ceasefire …
Stalling And Falling
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rebound ran into a brick wall this morning with the major indexes getting stuck below their respective unchanged lines throughout the session. The usual afternoon ramp-a-thon was conspicuously absent leaving stocks no choice but to drop into a sinkhole. For sure, the path of least resistance was down, with not only a …
Keeping The Rebound Alive
[Chart courtesy of MarketWatch.com] Moving the markets Traders and investors alike tried to digest Fed head Powell’s comments that interest rates may be hiked with twice the magnitude (50 bps) as had been assumed (25 bps) due to inflation “being much too high.” Despite that hawkishness, the markets are considering Powell’s current and future planned increases as a policy error, …
Equities Drop As Larger Rate Hikes Loom
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s enthusiastic rally, in the face of nothing but geopolitical and economic issues, came to an end today when Fed Head Powell rang the bell on inflationary concerns while hinting at tougher responses. After finally admitting that “inflation is much too high,” he vowed to take appropriate measures to get a better …