[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between news stories that kept traders on edge with some headlines causing a sell-off, others creating a recovery, but in the end, the major indexes closed in the red. We didn’t see the usual last 30-minute rebound due to Trump’s comments that “trade has a long way to go,” …
Markets Under Pressure; Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the markets Throughout today’s session, equities were under pressure due to the looming earning season. Traders were a bit anxious to find out if some of the poor economic data points of the last quarter, or the U.S.-China trade war, are having an impact on companies’ bottom lines. The major indexes spent most of the …
ETF Tracker Newsletter For July 12, 2019
ETF Tracker StatSheet You can view the latest version here. BANKING ON A FED RATE CUT [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally continued this morning and accelerated throughout the session, as traders were now convinced that a rate cut by the Fed is a sure thing, so front running was the name of the game. Since …
Hitting New Milestones
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow managed to conquer its new milestone marker of 27,000 with relative ease, and close above it, the S&P 500 struggled with its record 3,000 level. It managed to trade above it for a brief period but fell just short of defeating that hurdle by ending the day at 2,999.91. It …
Fed Pledges To ‘Do Whatever It Takes…’
[Chart courtesy of MarketWatch.com] Moving the markets The markets opened higher, pulled back but maintained its presence safely above the unchanged line. The S&P 500 succeeded in briefly crawling above its 3,000-milestone marker, retreated in a hurry but managed to close in the green, as did the other 2 major indexes. The Nasdaq fared the best by sporting a +0.75% …
Waiting For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets An early slide managed to gain some traction, followed by a small rebound that had the S&P 500 hugging its unchanged line throughout most of the session, before a last-minute pump pushed the index into the green by a tiny margin. The outlook for interest rate reductions later this month has become clouded, …