[Chart courtesy of MarketWatch.com] Moving the markets The weak performance of the last day of 2017 is now forgotten, and in the rear view mirror, as the major indexes stormed out of the starting blocks and never looked back. It was the S&P’s and Nasdaq’s turn to set new records while the Dow lagged for the time being. The energy, …
Last Hour Burst Assures A Green Close
[Chart courtesy of MarketWatch.com] Moving the markets After much range trading for most of the day, the major indexes shot up during the last hour to not just only close in the green but to also push the Dow to its 71st record close for the year. The supporting actors turned out to be banking shares and to a lesser …
ETF Tracker Newsletter For December 22, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/12/weekly-statsheet-etf-tracker-newsletter-updated-12212017/ CRAWLING BACK TOWARDS THE UNCHANGED LINE [Chart courtesy of MarketWatch.com] Moving the markets Despite today’s aimless meandering, which had the major indexes crawling out of a hole towards the unchanged line, the Dow and S&P 500 managed to score their fifth straight weekly advance despite ending the session slightly in the red. For sure, with …
Tax-Revamp Boost Runs Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes slipped a bit as the much touted and hyped tax deal appeared to be done, and the legislation was finally sent to President Trump for his signature. It seems that the bill’s passage left investors emotionally exhausted and apathetic as the actual news was a non-event in terms of market …
Tax Cut Expectations Propel The Major Indexes
[Chart courtesy of MarketWatch.com] Moving the markets How many times have I referred to the expected tax law changes to be responsible for powering the equity markets? Too many to recall, but it appears to be the gift that keeps on giving. Today was no different, as the major indexes ended solidly in the green. ZH summed the record run …
When A Done Deal Is Apparently Not A Done Deal
[Chart courtesy of MarketWatch.com] Moving the markets Market exuberance reigned early on and had the major indexes on track to set more record highs when jawboning by senators Rubio and Lee caused a case of severe tax-reform-anxiety. While we all thought the tax reform was a done deal, it does not appear so as questions regarding the “child tax credit” …