[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow and S&P 500 indexes moved higher Thursday, pushing further into record territory as investors (domestic and abroad) reacted to a positive earnings report from JPMorgan (JPM) and continued to price in/hope for further stimulus from global central bankers despite interest rates remaining at depression levels. Investors got a boost from …
Winning Streak Takes a Breather
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market, which is now enjoying its second-longest bull run ever, closed lower today despite decent reports on the U.S. economy. While some Wall Street pros say the recent surge has put stocks temporarily in an overbought state, the general consensus is that the bull is alive and well and …
Dow And S&P 500 Soaring Past New Highs
[Chart courtesy of MarketWatch.com] 1. Moving the Markets One record setting day this week wasn’t enough for Wall Street it seems. Yesterday, the S&P 500 passed its high water mark and obviously impressed investors, but the Dow got jealous and joined the S&P 500 in taking out its 2015 all-time high and moving into previously untouched territory. Some are asking …
A Goldilocks Environment?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Friday’s rally following the 287k jobs number, which was only impressive on the surface, continued into Monday as traders considered the current situation a Goldilocks scenario. Because there is continued uncertainty about the fallout from the Brexit vote, the higher than expected jobs number is not seen as a signal that the …
ETF/No Load Fund Tracker Newsletter For July 8, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07072016/ ———————————————————— Market Commentary MARKETS END SOLID AFTER KEY JOBS REPORT [Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 approached setting a new closing high today after a stronger-than-expected jobs report sparked a huge rally and Wall Street finally recouped all of its ‘Brexit’ related losses. The jobs report that many …
Major Indexes Go Nowhere; Mega Food Deal In The Making
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks on Wall Street ended mixed despite a solid report on employment and a big proposed deal in the food sector. Paris-based Danone, maker of Dannon yogurt, agreed to acquire organic food provider WhiteWave Foods (WWAV) for $56.25 based on a valuation of 26x cash flow, which equates to an enterprise value …