[Chart courtesy of MarketWatch.com] Moving the markets The market soared today as investors shrugged off inflation fears and snapped up stocks that were heavily shorted. This triggered a powerful short squeeze that boosted our domestic TTI deeper into the green zone. This means we can breathe a sigh of relief and postpone any potential “Sell” for now. The market optimism …
Energy Sector Shines, Rest Of Market Dims As Inflation Looms
[Chart courtesy of MarketWatch.com] Moving the markets Oil prices soared to their highest level in seven years, making everyone wonder if they should invest in electric cars or bicycles. The rising cost of energy spooked the stock market, which fell for the second day in a row. The major indexes dipped below their 50-day moving averages, a sign of weakness …
Tesla And Tech Stocks Soar; Inflation Data Awaits; VIX Set To Spike
[Chart courtesy of MarketWatch.com] Moving the markets The stock market kicked off the week with a bang, as tech stocks bounced back from their recent slump. Tesla was the star of the show, soaring more than 9% after Morgan Stanley gave it a thumbs up and predicted a big rally ahead, thanks to its self-driving software. Maybe Elon Musk can …
ETF Tracker Newsletter For September 8, 2023
ETF Tracker StatSheet You can view the latest version here. WALL STREET ENDS LOSING WEEK AS FED FEARS LOOM LARGE [Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a rough week, despite a slight uptick on Friday. Investors were worried that the Fed might hike rates sooner and faster than expected, erasing most of the early gains …
Fed Fears And China Ban Spook Wall Street
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was worried on Thursday as the Fed might raise interest rates again this year. Apple and other tech stocks suffered as China banned iPhones in state firms. Jobless claims were lower than expected, and labor costs were higher, signaling a strong labor market. This, along with rising energy prices, could pressure …
Stocks Slump As Oil Prices Spoil Dovish Dreams
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a bad day on Wednesday, as tech and consumer stocks dragged the market down. Nvidia, Apple and Tesla were among the worst performers, losing about 3% each. The “Magnificent 7” stocks were not so magnificent after all. Oil prices soared to their highest level since November, as Saudi Arabia and …