[Chart courtesy of MarketWatch.com] 1. Moving the markets While equity markets can’t get enough dovishness from the Fed, to keep the rally going, today we saw some disappointment kick in, as traders translated the Fed’s comments as too hawkish. Fed chief Powell offered a “wait-and-see” posture on interest rates, which means that they prefer to continue monitoring the economy for …
Rate Cut Expectations Soar—And So Does The Market
[Chart courtesy of MarketWatch.com] 1. Moving the markets After sleeping on the Fed’s statement on interest rates, Wall Street traders decided that the Fed left the door somewhat open to a rate cut. As a result, expectations soared from 80% to 100% that the Fed will “cut” in July. That was enough for the major indexes to gap higher at …
Markets Drift, Then Shift Modestly Higher
[Chart courtesy of MarketWatch.com] 1. Moving the markets One of the most eagerly watched events, namely the Fed’s verdict on interest rates, came and went without much of a market hiccup. A gentle early slide gave way to a modest bounce late in the session, with the major indexes notching another green close and moving within striking distance of taking …
Equities Rebound Led By Energy
[Chart courtesy of MarketWatch.com] 1. Moving the markets Equities managed a small rebound, after 2 days of modest losses kept the major indexes in check. Oil prices spiked as two oil tankers were damaged in suspected attacks off the coast of Iran, increasing tensions between Teheran and Washington. Of course, by default, no matter if it makes sense or not, …
ETF Tracker Newsletter For June 7, 2019
ETF Tracker StatSheet You can view the latest version here. BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets Never mind poor economic news such as a huge payroll miss, as only 75k new jobs were created during the month of May. That was against a consensus of 175k, so you would be thinking clearly had …
Keeping The Bullish Dream Alive
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early struggle for direction, bullish momentum picked up with the major indexes notching another day of gains making this the third winning session in a row. The trade battles with China and Mexico continued unabated but mixed news was put simply on the back burner. Traders decided to put their focus …