[Chart courtesy of MarketWatch.com] The stock market seemed to be in a daze as it drifted sideways without a clear direction. After a strong rally in the past weeks, investors seemed to lose their enthusiasm and confidence. The previous session ended with losses for the major indexes, raising doubts about the sustainability of the market’s momentum. Despite the recent slump, …
Markets Slip, Bitcoin And Gold Shine, Nvidia Sells: What’s Going On?
[Chart courtesy of MarketWatch.com] The markets had a case of the Mondays, as they dipped after five weeks of gains. But they didn’t give up easily and bounced back in the afternoon to minimize the damage. While stocks were having a hard time, bitcoin and gold were having a party in overnight trading. Bitcoin soared past $41,000 to hit a …
ETF Tracker Newsletter For December 1, 2023
ETF Tracker StatSheet You can view the latest version here. STOCKS SOAR, BONDS AND GOLD RALLY, BUT EXPERTS WARN OF TROUBLE AHEAD [Chart courtesy of MarketWatch.com] The markets soared on Friday, ending the best month of the year with a bang. The Dow Jones Industrial Average hit a new 2023 record, while the S&P and Nasdaq followed suit. But …
Market Celebrates Thanksgiving With A Feast Of Gains, But Will It Face A Reality Check Soon?
[Chart courtesy of MarketWatch.com] The stock market celebrated Thanksgiving with a feast of gains, as the Dow Jones Industrial Average hit a new high for 2023 on Thursday. The index was boosted by inflation data that raised hopes of a Fed rate cut next year. The S&P 500 also managed to end the day in positive territory, while the Nasdaq …
Market Swings Between Hope And Fear As Fed Sends Mixed Signals
[Chart courtesy of MarketWatch.com] The stock market had a wild ride today, as investors were torn between hope and fear. On one hand, they hoped that the Fed was done hiking rates, and that the economy would be growing faster than expected. On the other hand, they feared that inflation was still a threat and that the Fed might change …
Fed Official Boosts Market With Dovish Comments, Gold Nears Record High
[Chart courtesy of MarketWatch.com] The stock market edged up slightly today, continuing its November comeback, after a Fed official hinted that interest rates may not go up any further. Christopher Waller, a Fed governor, said he was confident that the current policy was enough to cool down the economy and bring inflation back to the 2% target. He spoke ahead of …