[Chart courtesy of MarketWatch.com] This morning, the markets underwent a sharp sell-off as the impact of Trump’s tariffs on key trading partners, Canada, and Mexico, echoed globally. Concerns about a potential escalation into a full-blown trade war, disruption of worldwide supply chains, economic slowdown, and rising inflation are valid. However, it remains to be seen if today’s market reaction was …
ETF Tracker Newsletter For January 31, 2025
ETF Tracker StatSheet You can view the latest version here. GOLD HITS RECORD HIGHS AS MARKETS REACT TO TARIFFS AND INFLATION [Chart courtesy of MarketWatch.com] Despite Apple releasing a mixed earnings report, bullish sentiment persisted through mid-session on the last trading day of the month. However, investor confidence waned later in the day as bond yields spiked and President …
Markets Edge Higher Amid Earnings Deluge; Tesla And Meta Shine
[Chart courtesy of MarketWatch.com] The markets saw a slight uptick after the opening bell as traders navigated a flood of earnings reports from several mega-cap companies. The overall outcome was positive for the major indexes, with Meta gaining 1.6% and Tesla rising 2.9%. However, Microsoft fell over 6% due to a disappointing revenue forecast. Notably, Tesla managed to shrug off …
Tech Stocks Hit Hard As Fed Maintains Rate; Bitcoin Surges
[Chart courtesy of MarketWatch.com] After yesterday’s comeback rally, equities slipped this morning ahead of the Federal Reserve’s latest policy decision on interest rates, expected after 11 am PST. The odds were nearly 100% that the Central Bank will maintain rates within the target range of 4.25% to 4.5%. As usual, traders are primarily focused on Chairman Powell’s comments, especially since …
AI Sector Shaken By “DeepSeek’s” Competitive Edge
[Chart courtesy of MarketWatch.com] The major indexes experienced a sharp decline right after the market opened, driven by the emergence of a Chinese startup called DeepSeek. This company posed a significant threat to existing AI models by offering competitive solutions at a fraction of the cost. Last week, DeepSeek released an open-source AI simulator that not only outperformed OpenAI’s models …
ETF Tracker Newsletter For January 24, 2025
ETF Tracker StatSheet You can view the latest version here. S&P 500 RETREATS AFTER RECORD HIGH, BUT WEEKLY GAINS PERSIST [Chart courtesy of MarketWatch.com] After reaching a new record high early in the day, the S&P 500 retreated but remained close to its unchanged line, positioning itself for a second consecutive weekly gain. However, sentiment turned bearish by the …
