[Chart courtesy of MarketWatch.com] Moving the Markets Despite sudden market weakness developing late in the session, with technology and biotech being spooked the most, the major indexes recovered a good chunk of their early gains and ended in the green with the Dow notching its 40th record close of the year. Helping matters were reduced tensions between N. Korea and …
ETF Tracker Newsletter For September 15, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09142017/ MISSION ACCOMPLISHED: S&P 500 CONQUERS ITS 2,500 LEVEL [Chart courtesy of MarketWatch.com] Moving the Markets As we have become accustomed to, news reports, that should affect markets negatively, were ignored as the major indexes continued relentlessly higher with the S&P managing, at the very last minute, to close above its 2,500 marker for the first time. …
Weak Economic Data Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to close in the green for the 3rd straight session in a row, the broader market sagged a little based on weak retail shares that had the sector (XRT) giving back -0.72%. A couple of other numbers did absolutely nothing to instill confidence in an already declining economy. Consumer …
Extending The Rally
[Chart courtesy of MarketWatch.com] Moving the Markets After yesterday’s massive rebound, the major indexes continued with their bullish theme supported by Treasury Secretary Mnuchin’s words that he’s hopeful a tax overhaul can be accomplished by the end of the year. He also hinted that they’re considering backdating any reform to the beginning of 2017. That’s all it took, and stocks …
ETF Tracker Newsletter For September 8, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09072017/ A SLIPPERY WEEK [Chart courtesy of MarketWatch.com] Moving the Markets Last week’s upward momentum slowed, and the major indexes limped lower, although by a modest amount with the S&P 500 surrendering -0.65%. All eyes were on hurricane Irma, which threatens to make landfall in Florida sometime this weekend, and it is considered to be a “life-threatening …
Equities Skid As Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the Markets In addition to the usual menu of concerns, there were a few new ones that helped the markets end their multi-day winning streak. Besides the lack of progress with the Trump pro-growth agenda and continued saber rattling with N. Korea, another monster hurricane named Irma is threatening the coast of Florida prompting the …