[Chart courtesy of MarketWatch.com] Moving the Markets Despite the Fed’s minutes from its September meeting, including words of caution among policy makers in regards to the next interest rate hike, market odds spiked that the widely expected December hike would materialize. Further notes indicated that it might take longer than anticipated to get inflation back to the Fed’s 2% target, …
Dow Registers Another Record Finish; FOMC Minutes And Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the Markets And the beat goes on. The major indexes shot up right after the opening bell, retreated during mid-day and rallied into the close but with only the Dow managing to squeeze out another record; its 47th for 2017. A big assist came from Walmart (WMT), which gained +4.43% on the day and produced …
Drifting Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets With bond markets closed today, equities lacked direction and meandered below the unchanged line with downward momentum accelerating late in the session. However, in the end, the losses for the major indexes were relatively minor. The biggest losers were retailers, financials and healthcare, the latter of which suffered from weekend reports that Trump …
Up, Up And Away…S&P 500 Logs Its Sixth Straight Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets A passed budget bill proved to have enough fire power to propel the major indexes into record territory—again. The passed budget resolution is seen as a stepping stone to finally overhaul the tax code. While the timing of this event is still unknown, recent pessimism has now been replaced with hope that a …
Maintaining Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the Markets Even though today’s gains were modest, they were gains nonetheless. The major indexes continued their ascent into record territory despite a slow start right after the opening. However, in the end, the S&P 500 posted its sixth consecutive day of gains. Private sector employment slowed from September with 150k jobs added. All eyes …
Gaining Steam Late In The Session
[Chart courtesy of MarketWatch.com] Moving the Markets After some early aimless meandering, although above the unchanged line, the major indexes picked up some steam late in the day to book another round of records. The Dow, the Nasdaq, the S&P 500 and the Russell all registered all-time highs. You can find a lot of reasons for and against a continuation …