[Chart courtesy of MarketWatch.com] The markets rebounded today after a Pre-Valentine’s Day massacre yesterday. Traders were feeling the love again as they shrugged off a higher-than-expected inflation report that spooked them on Tuesday. They worried that the Fed might not lower interest rates soon enough to keep the economy humming. The market had been overheated for a while, but it’s …
Inflation Fears Spook The Market, Small Caps Crash
[Chart courtesy of MarketWatch.com] The market had a bad day on Tuesday, thanks to the inflation report for January that showed consumer prices rising more than expected. This sent bond yields soaring and made traders doubt that the Fed could lower interest rates as much as they hoped, which was a big reason why stocks were doing so well. Small …
Calm Before The Storm? Markets Await Key Economic Reports
[Chart courtesy of MarketWatch.com] The Dow hit a record high today, while traders waited for new inflation and earnings reports. The S&P 500 also made history on Friday, closing above 5,000 for the first time ever. The index has gained more than 5% since January. The S&P 500, the Nasdaq, and the Dow all extended their winning streaks to five …
ETF Tracker Newsletter For February 9, 2024
ETF Tracker StatSheet You can view the latest version here. S&P 500 TOPS 5,000 ON LOWER INFLATION, BUT TECH-BOND GAP RAISES QUESTIONS [Chart courtesy of MarketWatch.com] The S&P 500 finally cracked the 5,000 mark today, thanks to a belated Christmas gift from the government: a lower inflation rate for December. The index had flirted with the milestone on Thursday, …
How Long Can The Tech And AI Rally Last In The Face Of Rising Rates And Bank Woes?
[Chart courtesy of MarketWatch.com] The stock market had a good day on Wednesday, as the S&P 500 got close to the 5,000 mark for the first time ever. Investors were happy with the latest earnings reports, which mostly beat the low expectations. Big tech and AI companies did especially well, but they also hogged most of the spotlight. The problem …
No Rate Cut In Sight, Powell Says Some Banks May Go Bust
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average rose on Tuesday, but it was hardly a cause for celebration. Wall Street was busy digesting the latest earnings reports and the Fed’s reluctance to cut rates anytime soon. The S&P 500 and Nasdaq barely scraped by with positive returns, thanks to some last-minute shopping by bargain hunters. Traders were left …