[Chart courtesy of MarketWatch.com] Stocks soared on Tuesday, continuing their impressive November rally, as investors celebrated a mild inflation report that suggested the Fed might be done raising interest rates. Tuesday’s gains added to the remarkable recovery this month for stocks. The S&P 500 is up 7.3%, erasing the losses since our “Sell” signal on 9/22/2023. See section 3 below …
U.S. Stocks In Limbo As Moody’s Cuts Outlook
[Chart courtesy of MarketWatch.com] U.S. stocks wandered around like lost sheep today, apparently unfazed by Moody’s Investors Service cutting its U.S. credit rating outlook to negative from stable on Friday. The downgrade reflects the U.S.′ “very large” fiscal deficits and the political deadlock in Washington that prevents any meaningful action. The ratings agency still gave America an AAA rating, the …
ETF Tracker Newsletter For November 10, 2023
ETF Tracker StatSheet You can view the latest version here. S&P 500 RIDES THE BUYBACK WAVE, IGNORES THE LIQUIDITY DROUGHT [Chart courtesy of MarketWatch.com] The stock market had another good day today, as investors ignored rising bond yields that threaten to ruin their party. The S&P 500 ended the week with a 1% gain, despite losing its winning streak …
S&P 500 Sneaks A Win, Small Caps Slump, Buffett Hoards Cash
[Chart courtesy of MarketWatch.com] The S&P 500 had a roller-coaster ride on Wednesday, as it barely kept its winning streak alive for the eighth day in a row. That’s the longest run since 2021. But Small Caps got hammered again, as they lagged the big boys. It seems that traders are betting on the Fed to take a break from …
Stocks Rally Again, But Is It A Fluke Or A Trend?
[Chart courtesy of MarketWatch.com] Stocks were snoozing early on, as traders took a nap after a wild rally on Wall Street to kick off November, but a sudden burst of energy pushed the major indexes back into the green. Tech stocks rose as yields retreated, with the yield on the 10-year Treasury note dropping about 7.5 basis points to 4.575%. …
Wall Street’s Rally Stalls As Fed Chair Powell Looms Large
[Chart courtesy of MarketWatch.com] The S&P 500 wandered around like a lost sheep on Monday, as Wall Street tried to keep up the good vibes from last week’s stellar performance. In the end, after a tiny surge, nothing much changed. Just to refresh your memory, all the major indexes had their best week of the year, starting November with a …