[Chart courtesy of MarketWatch.com] Moving the Markets Two things pulled the rug out from early positive momentum at the opening. One, disappointing March auto sales, which should not have come as a surprise given the gigantic slip in retail sales including some 3,500 announced store closings, and two, the topic I have been pounding on lately, namely that questions about …
Financials Provide A Last Minute Boost
[Chart courtesy of MarketWatch.com] Moving the Markets It’s been no secret that the post-election rally hit a speed bump with the S&P 500 having moved within a 4 point range, on a closing basis, for the past 2 weeks. Anxiety continues to prevail as to whether Trump can really deliver on his campaign promises. Retail shares were the anchor weighing …
The Fed Blinks: Holds Rate Hike At Bay
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite talking out of both sides of its mouth for weeks, the Federal Reserve announced at the close of its meeting today that it would keep interest rates unchanged. While commenting on the matter though, Yellen said a July hike “is not impossible,” suggesting that strong job growth in June and substantial upward revisions …
Equities End Winning Streak; Gold Closes Higher
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks pulled back a tad, snapping a record breaking streak since last Friday. All major indexes gave back some of their recent gains. Although we saw a drop today, markets have been trending up over the past two weeks. M&A activity regained their share of headlines, especially the recent Hillshire-Jimmy Dean-Tyson Foods-Pilgrim’s …
ETF/No Load Fund Tracker Newsletter For March 21, 2014
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2014/03/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-03202014/ ———————————————————— Market Commentary Friday, March 21, 2014 EQUITY INDEXES LOSE STEAM BUT GAIN FOR THE WEEK [Chart courtesy of MarketWatch.com] 1. Moving The Markets Equities were bouncing back this week but metals aren’t keeping up. More important is Janet Yellen’s statement indicating that interest …
First Day Of Trading Seems Sour, Economy Looks Sweeter
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes posted their largest decline in three weeks on the first trading day of 2014, after the benchmark S&P 500 finished its best year since 1997. Oil and gas producers were among the hardest hit following a 3% drop in oil prices to under $96 a barrel as Libya prepares to …