[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes managed to shake off yesterday’s pullback, which marked the day of the Fed’s second hike in interest rates in almost 10 years. While this was widely expected, I thought the markets would have taken that removal of uncertainty as a positive, but Yellen spoiled the party with her announcement that …
Fed Hikes And Market Strikes
[Chart courtesy of MarketWatch.com] Moving the Markets Despite the odds of the Fed hiking rates today having been close to 100%, Wall Street traders went on strike as the post-election bullish momentum waned, and the major indexes sold off by a modest amount which, however, was the worst pull-back in two months. The Fed finally came through after crying “wolf” …
Dow 20,000 Here We Come
[Chart courtesy of MarketWatch.com] Moving the Markets Yesterday’s pause in the market, during which the S&P 500 and the Nasdaq pulled back slightly, formed the basis for more advances today as the Dow reached a point that is within striking distance of the magical 20,000 milestone marker. All three major indexes stormed into record high territory as the post-election levitation …
Starting The Week On A Mixed Note
[Chart courtesy of MarketWatch.com] Moving the Markets After last week’s rip-roaring run, during which the major indexes scored some solid ground, time for a break was much overdue, especially in view of the Fed’s upcoming meeting on interest rates. The final verdict will be due out on Wednesday with the odds being still close to 100% in favor of a …
ETF Tracker Newsletter For December 9, 2016
ETF Tracker StatSheet https://theetfbully.com/2016/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12082016/ Market Commentary S&P 500 Logs In Longest Win Streak In 2 Years [Chart courtesy of MarketWatch.com] Moving the Markets Right now we appear to be on a one-way street as far as the stock market is concerned with the S&P 500 recording its longest win streak since June 2014 while the Dow notched its fifth week …
And the Beat Goes On
[Chart courtesy of MarketWatch.com] Moving the Markets Despite ECB’s Mario Draghi not exactly fulfilling the dreams of European traders by offering a mixed monetary policy decision via his announcement that his asset buys will be continued although at a reduced pace (from $80 billion a month to $60 billion), it did not matter. European markets rallied anyway with the German …