[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks rose Tuesday and moved back into record territory as the Nasdaq set a new all-time high by gaining a meager +0.30%. The rebound comes as quiet summer trading drags on and investors look ahead to a key speech from Federal Reserve chair Janet Yellen on Friday. Investors are largely in wait-and-see mode ahead of …
Mediocre Monday Meddling
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Q2 earnings season has all but wrapped up, now that retailer Walmart (WMT) has reported its results. The theme remains that investors are somewhat pleased the dip in profit growth by companies in the S&P 500 was less than expected. Companies within the index reported 2.1% lower adjusted profit per share, which …
ETF Tracker Newsletter For August 19, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08182016/ ———————————————————— Market Commentary MARKETS SLIPPING WHILE OIL IS GUSHING HIGHER [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. markets closed lower today to finish the week as traders appeared slightly anxious about the possibility of an earlier-than-expected Federal Reserve interest-rate hike. It seems that comments from senior Fed officials in recent days suggest a …
US Oil Throws An Assist
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a roller coaster kind of day with the markets dropping out of the gate, regaining upside momentum, falling again below the unchanged line before staging a mid-day comeback, which accelerated into the close. Wall Street is still digesting the possibility of a rate hike in September. It’s the same old …
Back On Top Again
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Falling in line with the (as of lately) market topping then dropping phenomena, all three indexes pushed higher again today…barely. Stocks here in the U.S. stretched into positive territory late in the day after Fed Minutes news suggested that an interest rate hike may still be on the table for calendar year …
An Elegant Fall From Grace
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wow, what a surprise; no new highs! Despite Crude oil taking the lead to the upside, the major indexes lagged and closed lower. You can thank Fed Pres Dudley for jawboning about potential interest rate hikes sometime this year, which took the starch out of yesterday’s rally. Given the continuous flow of …