[Chart courtesy of MarketWatch.com] The market was in a good mood today, thanks to the tech sector’s strong performance. Apple led the way, gaining 3.3% after getting a thumbs up from Bank of America. The iPhone maker shrugged off a recent downgrade from Wells Fargo and had its best day in over eight months. Meanwhile, the job market remained tight, …
Fed In A Bind: Cut Rates And Risk Inflation, Or Hold Rates And Anger The Market?
[Chart courtesy of MarketWatch.com] The stock market lost its appetite as bond prices went down and interest rates went up. The U.S. economy also showed some surprising strength, making the Fed less likely to cut rates. ZeroHedge summed it up like this: Retail sales: hot; Housing: sizzling; Industrial Production: – not bad. The ‘real’ numbers are looking good, while the …
Fed’s Rate-Cut Riddle Leaves Traders Guessing: Is The Market’s Magic Show Over?
[Chart courtesy of MarketWatch.com] The Dow took a nosedive today, leading the market’s merry dance downwards as interest rates inched up and traders sifted through the latest earnings reports like kids at a candy store. Investors are on the edge of their seats, waiting for more data to peek into the wallet of the American consumer. The 10-year Treasury note …
ETF Tracker Newsletter For January 12, 2024
ETF Tracker StatSheet You can view the latest version here. UNCLE SAM’S BUDGET BONANZA: A PRELUDE TO INFLATION’S SECOND ACT? [Chart courtesy of MarketWatch.com] In today’s financial circus, the major stock indexes tiptoed around their opening marks, with traders juggling the lackluster first act of fourth-quarter earnings and munching on a double-feature of inflation reports. The Dow, however, decided …
Markets Shake Off Inflation Fears, End The Day Flat
[Chart courtesy of MarketWatch.com] The major indexes had a bumpy ride on Thursday, as they plunged after the opening bell, then bounced back, and ended the day flat. The trigger for the initial sell-off was the latest inflation report, which showed that consumer prices rose more than expected in December, reaching the highest annual rate in 13 years. The CPI …
Stocks Rise Ahead Of Inflation And Earnings Reports
[Chart courtesy of MarketWatch.com] Traders pushed stocks higher today, as they waited for the latest U.S. inflation and earnings reports. The consumer price index (cpi) for December, due tomorrow, is expected to show a 3.2% annual increase. Traders will scan the reports for hints on when the fed will start lowering rates. Those hopes have faded a bit lately, even …