[Chart courtesy of MarketWatch.com] The stock market took a break from its recent rally on Monday, as investors digested the mixed signals from the economy and the Fed. The major indexes fell, ending a four-week winning streak, as the 10-year Treasury yield dropped below 5% after briefly touching that level in late October. The market shrugged off the warnings from …
Market Bulls Feast On Stocks, Ignore Economic Data And Fed Minutes
[Chart courtesy of MarketWatch.com] The market bulls were in a festive mood today, as stocks climbed higher despite some gloomy economic data and a delay in OPEC’s decision on oil production. The bond market, however, was not so cheerful, as the 10-year Treasury yield briefly dipped to its lowest level in two months before bouncing back. The rally was broad-based, …
Fed Stays Firm On Rates, Markets Stay Hopeful For Cuts
[Chart courtesy of MarketWatch.com] The Fed dashed the hopes of traders who were looking for some hints of interest rate cuts in the latest meeting minutes. Instead, the central bank said it would keep its policy “restrictive” to tame inflation, which could rise further. The Fed kept the interest rate unchanged at 5.25% to 5.5% in its meeting on Oct. …
ETF Tracker Newsletter For November 17, 2023
ETF Tracker StatSheet You can view the latest version here. THE NASDAQ’S EERIE RESEMBLANCE TO 1999: A WARNING SIGN OR A COINCIDENCE? [Chart courtesy of MarketWatch.com] The stock market gained modestly on Friday, capping off another week of gains in a sizzling November rally. This was the third consecutive week of positive returns for all three indexes. What fueled …
Market Summary: Stocks Flat, Bonds Yields Down, Gold Up
[Chart courtesy of MarketWatch.com] The stock market seemed to take a break from its recent rally today, as the major indexes barely moved from their opening levels. The S&P 500 and Nasdaq managed to squeeze out some gains, but the Dow closed slightly lower. Tech stocks were hit hard by disappointing earnings and guidance from Cisco Systems and Palo Alto …
PPI Falls, Retail Sales Stall, And The Market Hits A Wall
[Chart courtesy of MarketWatch.com] The market had a good start today, thanks to some chill inflation numbers. But then it ran out of gas. Literally. Gas prices dropped like a rock, dragging down the producer price index (PPI) by half a percent. That’s the biggest fall since the pandemic started. But if you take out food and energy, the PPI …