[Chart courtesy of MarketWatch.com] In today’s financial landscape, the U.S. stock market experienced a significant rally, energized by the unfolding corporate earnings season. Investors were keen to capitalize on the robust gains from the previous session, setting a positive tone for the market. The anticipation was palpable as Tesla prepared to release its earnings report after the market closed, marking …
ETF Tracker Newsletter For April 19, 2024
ETF Tracker StatSheet You can view the latest version here. PRECIOUS METALS SURGE: A HARBINGER FOR EQUITY MARKETS? [Chart courtesy of MarketWatch.com] Current economic forecasts suggest that the Federal Reserve may delay any rate reductions until September or later, with some analysts not ruling out the possibility of no cuts throughout the year. Year-to-date analysis for 2024 reveals that …
Inflation Worries And Rate Hike Expectations: Wall Street’s Dilemma
[Chart courtesy of MarketWatch.com] The S&P 500 index continued its downward trajectory, extending its losing streak to five consecutive days. Wall Street witnessed a seesaw battle between optimism and caution, resulting in a lackluster recovery attempt. Meanwhile, the Nasdaq faced headwinds, struggling with a 3% decline this week, marking its longest negative streak since December 2022. Amidst this volatility, more …
Strange Trading Session: Stocks Go Vertical, Then Reverse
[Chart courtesy of MarketWatch.com] The S&P 500 extended its losing streak, dropping for a fourth consecutive session. Struggling technology stocks, including Nvidia, exerted downward pressure on the market. Interestingly, this is the third straight session where stocks opened higher but then faded throughout the day. Early in the trading day, stocks were sliding after the opening. However, around 10:55 AM …
Market Tension Rises Amid Geopolitical Strife And Yield Surges
[Chart courtesy of MarketWatch.com] In today’s financial landscape, the S&P 500 experienced a downturn as investors juggled the latest corporate earnings with rising yield concerns and geopolitical tensions. Federal Reserve Chair Powell’s remarks suggested that interest rates might remain high, dampening hopes for rate cuts and driving the 2-year yield above 5% for the first time since last November. Despite …
Gold Surges, Stocks Plunge: Is Tax Day The Market’s Moment Of Truth?
[Chart courtesy of MarketWatch.com] Despite a promising start with strong earnings from Goldman Sachs and encouraging retail data, the major indexes took a downturn, erasing the gains from the morning rally. The conflict in the Middle East remains a concern, but there is hope it won’t escalate further. Small Caps and the Mag7 stocks experienced a significant drop, reminiscent of …