[Chart courtesy of MarketWatch.com] Moving the markets An early attempt by the major indexes to cling to their respective unchanged lines proved to be a futile one, when mid-day the bears stormed out of hibernation. All equities were slammed, and a sea of red was the inevitable result. Even slipping bond yields could not stem the tide, but at least …
Tech Fights Back
[Chart courtesy of MarketWatch.com] Moving the markets After getting pulled off its lofty level last week, the tech sector showed signs of life and built on Friday’s modest rebound by gaining +1.23% for the day. While all three major indexes ended in the green, today’s rotation was from “value” into “big-tech growth,” thereby leaving SmallCaps in the dust. ZH equated …
ETF Tracker Newsletter For March 19, 2021
ETF Tracker StatSheet You can view the latest version here. [Chart courtesy of MarketWatch.com] Moving the markets Though the quad withing hour increased today’s volatility, it was what the Fed did not do that added to with the banking sector’s sell-off mode after two days of gains. The Fed decided not to extend “a pandemic-era capital break” for banks, …
Cranking Yields = Tanking Nasdaq
[Chart courtesy of MarketWatch.com] Moving the markets Well, that did not last very long. Even though the Fed’s most dovish words yesterday were able to soothe markets and produce a bounce back from early losses, today was a different day. Bond yields suddenly surged, up 11 basis points intraday to 1.75% for the 10-year, but they came off that high …
Stimulated By The Fed
[Chart courtesy of MarketWatch.com] Moving the markets As I suggested yesterday, the Fed’s guidance on interest rates could push markets one way or another. That’s exactly what happened by stocks exploding higher, with the S&P 500 and Nasdaq having to crawl out of an early hole, after the Fed’s statement indicated more dovishness than expected. Postulated ZH: And since it …
Lackluster Meandering
[Chart courtesy of MarketWatch.com] Moving the markets “Uninspiring” best describes today’s session during which we saw the Nasdaq storming ahead of the other 2 major indexes by sporting early gains of more than 1%. Mid-day, the positive vibes stopped, and the Nasdaq suddenly plunged into the red but managed to crawl out of that hole and slightly into the green. …