ETF Tracker StatSheet You can view the latest version here. Bulls Run Wild After Senate Unleashes Money Printing: How Long Can It Last? [Chart courtesy of MarketWatch.com] Moving the markets The market soared today after the Senate cleared the way for more money printing by suspending the debt ceiling until 2025. This means the Fed and the politicians can …
Congress Clears Debt Hurdle, Traders Cheer And Fear
[Chart courtesy of MarketWatch.com] Moving the markets After weeks of political drama, Congress finally passed the debt ceiling bill last night, much to the relief of the traders who celebrated with a rally. The bill is now heading to the Senate, where it is expected to sail through smoothly. Sources say the Senate won’t rest until Biden signs it into …
ETF Tracker Newsletter For May 26, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS RALLY ON DEBT DEAL PROGRESS, BUT BEWARE OF FED, INFLATION AND BANKING BUGS [Chart courtesy of MarketWatch.com] Moving the markets The markets were in a cheerful mood for the second day in a row, as hopes rose for a debt ceiling deal that would prevent a default. The …
ETF Tracker Newsletter For May 19, 2023
ETF Tracker StatSheet You can view the latest version here. DEBT DEAL FLOPS, NASDAQ POPS, AND GOLD TOPS [Chart courtesy of MarketWatch.com] Moving the markets The markets went crazy this week, jumping up and down on every rumor of a debt ceiling deal. The Nasdaq (small caps) was especially nuts, soaring to new highs even as interest rates spiked. …
Markets Rally on Debt Deal Hopes, But Will It Last?
[Chart courtesy of MarketWatch.com] Moving the markets The markets were sluggish at first, but then they revved up their engines, as traders felt optimistic about a debt ceiling deal in the making. They were cheered by the words of speaker McCarthy, who said what Wall Street wanted to hear: “better progress”, “it’s possible to get a deal by the end …
Heading South
[Chart courtesy of MarketWatch.com] Moving the markets Home Depot’s dismal revenue report and bleak outlook sent the markets tumbling in the morning. The company blamed everything from bad weather to weak lumber prices to stingy consumers for its worst miss in two decades. The stock lost 5% of its value before clawing back some ground. Meanwhile, some mixed signals from …