[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes rallied moderately supported by better-than expected quarterly results from Morgan Stanley along with oil prices, which gained over 2% and are nearing their 15-month high. And again, data points confirmed sluggishness in the economy as shown by weak housing data and a disappointing outlook in the tech area, which …
One Man’s Opinion: Investors Are Sticking With Pavlov’s Dog Until Everything Breaks
By Zero Hedge Remember when “bad news is good news” first leapt into common parlance? At first it was used as a way to describe the reaction function of Fed policy-makers. It was taken as a cute turn of phrase in encapsulating the state of the world. Over time, as Bloomberg’s Richard Breslow explains, it’s morphed into an ugly and …
ETF Tracker Newsletter For August 26, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08252016/ ———————————————————— Market Commentary YELLEN SPEAKS, BUT WAS ALREADY PRICED IN [Chart courtesy of MarketWatch.com] 1. Moving the Markets As I have been stating throughout the week, one of the main market moving events that was on deck has been an anticipated speech from Janet Yellen, which took place today. The speech was well-received and did …
ETF/No Load Fund Tracker Newsletter For July 29, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07282016/ ———————————————————— Market Commentary DOW FELL EVERY DAY THIS WEEK; GDP SHOCKER [Chart courtesy of MarketWatch.com] 1. Moving the Markets Can the GDP numbers get any worse? Today’s announcement was a real shocker as second quarter GDP clocked in at a miserable 1.0% against expectations of 2.6%. And, to add insult to injury, first …
One Man’s Opinion: Is There A Disconnect Between GDP Readings And Retail Sales Numbers?
US businesses are hiring people but are unable to get much extra output per hour of their work, and so income and sales are sluggish, said Vincent Reinhart of Standish Investment Management, a subsidiary of BNY Mellon. While unemployment rate has hit 4.9-5 percent rate, the gross domestic product reading doesn’t seem to corroborate the US jobs scenario. Asked to …
Pulling Back From Record Highs
[Chart courtesy of MarketWatch.com] 1. Moving the Markets A pause sure was in order after last week’s push into record territory. The major indexes pulled back as the chart above shows. The focus remains on earnings with the name of the game being to beat the already lowered expectations. After the closing bell, Apple managed to beat handsomely by posting …