ETF Tracker StatSheet You can view the latest version here. INVESTOR VOLATILITY: EQUITIES UNLOADED AS MONEY MARKET ASSETS HIT RECORD HIGH [Chart courtesy of MarketWatch.com] After yesterday’s strong comeback session, upward momentum slowed, but traders and algorithms continued to push the indexes higher, erasing most losses from earlier in the week. This recovery followed Monday’s steep global sell-off, triggered …
Bears Take Control: Dow Suffers Worst 5-Day Start In Six Years
[Chart courtesy of MarketWatch.com] After yesterday’s comeback session, bullish sentiment persisted in the markets as traders attempted to recover some of the recent losses. However, the bears ultimately took control, causing major indexes to reverse and close in the red. The Dow experienced its worst five-day start to a month in six years. The tech sector failed to maintain its …
Equities Rebound After Intense Selling Pressure: Is The Downturn Over?
[Chart courtesy of MarketWatch.com] After the intense selling pressure during the first three trading days of August, which drove the S&P 500 down by over 6%, equities rebounded today, recovering some of their losses. Whether this marks the end of the downturn or is merely a relief bounce remains uncertain. The tech sector also saw a recovery, with major players …
Nikkei’s Worst Day Since 1987 Sparks Worldwide Market Turmoil
[Chart courtesy of MarketWatch.com] Last week’s selloff spread globally and accelerated this morning as traders grappled with fears of a U.S. recession. The downturn began in Japan, where the Nikkei plummeted over 12%, marking its worst day since the 1987 Black Monday crash. Contributing to the turmoil was Japan’s recent decision to hike interest rates, which disrupted the highly leveraged …
ETF Tracker Newsletter For August 2, 2024
ETF Tracker StatSheet You can view the latest version here. STOCK MARKET FACES TURBULENCE: IS A RECESSION ON THE HORIZON? [Chart courtesy of MarketWatch.com] The markets suffered a significant downturn this morning, driven by a weaker-than-expected July jobs report that dampened any bullish sentiment. Nonfarm payroll jobs increased by only 114,000 last month, a sharp decline from the 179,000 …
Weak Economic Data Sparks Market Downturn, Nasdaq Drops 2.3%
[Chart courtesy of MarketWatch.com] The markets faced a significant downturn today, as weak economic data erased an early rally. Major indexes dipped into the red, with the Nasdaq dropping 2.3%, effectively wiping out most of yesterday’s gains. Initial jobless claims surged to 249,000 for the week ending July 27, surpassing the estimated 235,000. Additionally, the ISM manufacturing index, which reflects …