[Chart courtesy of MarketWatch.com] The major indexes went through moderate declines early in the session as the markets absorbed recent gains from the holiday week, commonly referred to as the Santa Claus rally. This phenomenon typically occurs during the last five trading days of the year and the first two days of January. Historically, the S&P 500 has averaged a …
Markets Rebound Strongly, Tech Sector Leads Gains
[Chart courtesy of MarketWatch.com] Despite an early dip, the markets quickly rebounded, with major indexes closing in the green and keeping hopes of a Santa Claus rally alive. This solid recovery followed last week’s turmoil, during which the Dow endured a 10-day losing streak and plummeted over 1,100 points on Wednesday. This drop was triggered by the Federal Reserve’s announcement …
ETF Tracker Newsletter For December 20, 2024
ETF Tracker StatSheet You can view the latest version here. MARKETS REBOUND AMID INFLATION DATA AND LOOMING GOVERNMENT SHUTDOWN [Chart courtesy of MarketWatch.com] After a challenging week, during which the Dow plummeted by approximately 1,100 points in a single day, the major indexes managed to stabilize. They rebounded immediately after the opening and recovered some of the previous day’s …
Bullish Sentiment Fades As Late Sell-Off Drags Indexes Down
[Chart courtesy of MarketWatch.com] This morning, traders were still grappling with Fed Chair Powell’s hawkish comments from yesterday, indicating that he is likely to cut interest rates only twice next year, down from the four reductions forecasted in September. The pressing question now is: what will policymakers do in 2025? If inflation worsens, as I believe it will, they may …
Market Carnage: Stocks Plunge, Bond Yields Surge After Fed’s Hawkish Comments
[Chart courtesy of MarketWatch.com] The major indexes edged higher ahead of the Federal Reserve’s interest rate announcement, with the Dow leading the way despite its recent worst performance in 46 years. Although the index is less than 4% below its all-time high, a shift from “old economy” shares to the tech sector pulled the Dow down. This decline was exacerbated …
Nvidia Struggles While Bitcoin Tests New Highs
[Chart courtesy of MarketWatch.com] This morning, the major indexes declined, with the Dow Jones Industrial Average marking its first 9-day losing streak since 1978. This streak began after the index surpassed the 45,000 level for the first time earlier this month. Traders attribute these losses to a rotation from “old” economy stocks to the new technology sector. However, Nvidia, which …