ETF Tracker StatSheet You can view the latest version here. GOLD SHINES AMID MARKET VOLATILITY, REACHES NEW ALL-TIME HIGH [Chart courtesy of MarketWatch.com] The volatility that marked the beginning of August subsided, allowing bullish sentiment to prevail as we closed out the month. Despite an initial drop of over 7%, the S&P 500 rebounded, achieving its fourth consecutive winning …
Market Sentiment Shifts: Bullish Optimism Fades Amid Mixed Economic Signals
[Chart courtesy of MarketWatch.com] Despite Nvidia exceeding earnings expectations and raising its outlook, the stock pulled back in after-hours trading yesterday and is down nearly 5% this morning. This decline might have dragged the markets lower, but it didn’t, thanks to falling jobless claims and an unexpected upward revision of the second quarter GDP growth from 2.8% to 3%. This …
Nvidia Earnings Anticipation Sparks Market Selloff: What’s Next?
[Chart courtesy of MarketWatch.com] Anxiety surrounding Nvidia’s earnings announcement, set to be released after today’s close, initially kept equities in a tight trading range but ultimately led to a selloff. Traders are rightfully questioning how much more upside potential can be realistically expected after Nvidia’s impressive 159% surge in 2024. Despite this, optimism remains as analysts focus on the company’s …
Gold Hits Record High As Rate-Cut Expectations Rise
[Chart courtesy of MarketWatch.com] After a sluggish start, the major indexes found some bullish sentiment despite anxiety about the upcoming earnings report from top AI chip producer Nvidia. Nvidia’s numbers are due out on Wednesday, and as the bellwether in the tech and AI arena, its financial health will be closely examined to determine if the current rotation away from …
Dow Hits Record High Amid Mixed Market Sentiment
[Chart courtesy of MarketWatch.com] Equities drifted throughout the session following a strong week where the S&P 500 gained 1.5%. While the S&P 500 and Nasdaq ended in the red, the Dow managed to close at a record high. Fed Chair Powell’s dovish stance on interest rates fueled traders’ enthusiasm, raising hopes that the long-awaited rate cut might finally materialize at …
ETF Tracker Newsletter For August 23, 2024
ETF Tracker StatSheet You can view the latest version here. WALL STREET CELEBRATES POWELL’S AMBIGUOUS RATE CUT SIGNAL [Chart courtesy of MarketWatch.com] The major indexes surged higher following Fed Chair Powell’s commentary, which hinted at upcoming interest rate cuts. Although Powell was vague about the specifics, his statement that “the time has come for policy to adjust” resonated strongly, …