Gold And Bitcoin Rally Despite Rising Bond Yields And Dollar

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[Chart courtesy of MarketWatch.com] The latest inflation readings provided a boost to the markets, with the S&P 500 and Nasdaq achieving solid gains, while the Dow lagged. The Consumer Price Index (CPI) met expectations, showing a 0.3% rise from October and a 2.7% increase year-over-year. The Federal Reserve’s preferred measure, the core CPI, which excludes volatile food and energy prices, …

Market Wavers Amid Seasonal Softness And CPI Anticipation

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[Chart courtesy of MarketWatch.com] Today, the traditional seasonal softness of mid-December persisted, with major indexes fluctuating without clear direction and ultimately closing in the red, despite a surge in small business optimism. An early rally in the Mega-Tech sector hit a ceiling, reversed, and erased initial gains, making the Nasdaq the biggest loser of the day. Additionally, the most shorted …

Equities Decline Ahead Of Key Inflation Data; Gold Advances

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[Chart courtesy of MarketWatch.com] Equities declined ahead of key inflation data expected later this week, causing the major indexes to slip into the red. However, gold defied the trend with a solid advance. Nvidia and Advanced Micro Devices faced pressure, with Nvidia dropping nearly 3% and Bank of America downgrading AMD from a “buy” to a “neutral” rating. Last week’s …

ETF Tracker Newsletter For December 6, 2024

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ETF Tracker StatSheet           You can view the latest version here. SEASONAL TRENDS HINT AT POTENTIAL MARKET DOWNTURN NEXT WEEK [Chart courtesy of MarketWatch.com] Traders viewed today’s jobs report as a “Goldilocks” scenario, where the data was better than expected but not so strong as to discourage the Federal Reserve from potentially cutting interest rates later this month. This morning, …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/05/2024

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ETF Data updated through Thursday, December 5, 2024 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …