ETF Tracker Newsletter For October 4, 2024

Ulli Market Commentary Contact

ETF Tracker StatSheet           You can view the latest version here. GOVERNMENT JOBS SOAR, PRIVATE SECTOR GROWTH LAGS [Chart courtesy of MarketWatch.com] The much-anticipated jobs report exceeded expectations, driving major indexes higher. However, the question remains: how much will these figures be revised in the future? Historically, six out of the last seven releases have been significantly downgraded. Nonfarm payrolls …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/03/2024

Ulli ETF StatSheet Contact

ETF Data updated through Thursday, October 3, 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. …

Market Uncertainty Prevails Amid Rising Oil Prices And Economic Concerns

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] The stock market exhibited a pattern of bobbing and weaving today, as uncertainty dominated, and the major indexes fluctuated around their respective unchanged lines. October has started on a weak note, with sentiment dampened by escalating tensions in the Middle East and the uncertain impact and duration of the East Coast port strike. Both events are …

ADP Data Shows Strong Job Growth, Eyes On Friday’s Payroll Report

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] The markets began the second day of October in negative territory, driven by escalating tensions in the Middle East. Despite this, the markets closed relatively unchanged, with China’s recent upward trend continuing, bolstered by their substantial stimulus program. Nike experienced a significant 7% drop after canceling its full-year guidance ahead of a new CEO’s arrival. Meanwhile, …

Gold Shines As Safe Haven Amid Market Turmoil

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Escalating tensions in the Middle East have significantly dampened upward momentum, pulling the indexes down from their lofty levels. Wall Street’s “fear gauge,” the volatility index (VIX), spiked sharply, reflecting traders’ concerns. Historically, fears of contagion have a destabilizing effect on the markets. Early in the day, bond yields plummeted, benefiting gold and utilities. As expected, …

Markets Rebound After Powell’s Speech, Ending Month On A High Note

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] The markets experienced a downturn early on the final day of the month. However, sentiment shifted positively following a speech by Federal Reserve Chairman Powell just before the session’s close, leading to a green finish for the major indexes. August and September began with heightened volatility, but bullish sentiment ultimately prevailed. The S&P 500 closed the …