ETF Tracker StatSheet You can view the latest version here. POWELL TALKS TOUGH ON INFLATION BUT MARKETS REMAIN OPTIMISTIC [Chart courtesy of MarketWatch.com] Moving the markets Fed Chair Powell’s hawkish remarks at the Jackson Hole symposium did not deter the markets from rallying higher. Powell made it clear that he was ready to raise interest rates further if inflation …
Markets Sell Off Despite Nvidia’s Record Earnings And Revenues
[Chart courtesy of MarketWatch.com] Moving the markets Nvidia’s stellar earnings and revenues were not enough to impress the markets today, as the tech giant saw its shares end the session unchanged. This was a classic case of “buy the rumor, sell the fact,” a well-known adage that describes how investors often anticipate good news and then cash out when it …
Bulls Bet On Nvidia To Save The Market From August Slump
[Chart courtesy of MarketWatch.com] Moving the markets The market was eagerly waiting for Nvidia’s earnings report, which is due out later today. The chipmaker was expected to post impressive growth in both profit and revenue, thanks to its dominance in the artificial intelligence (AI) sector. The bulls were optimistic and pushed the major indexes higher, while the bears took a …
Bank Downgrade Dampens Market Mood
[Chart courtesy of MarketWatch.com] Moving the markets The stock market lost steam on Tuesday as a downgrade of several U.S. banks weighed on the financial sector and overshadowed the gains in tech stocks. S&P Global lowered its credit ratings and outlook for some regional and large banks, citing “tough” operating conditions. The financial sector was the worst performer of the …
Tech Stocks Bounce Back As Nvidia Shines, But Bond Yields Threaten To Spoil The Party
[Chart courtesy of MarketWatch.com] Moving the markets The tech sector finally got some relief, as the Nasdaq snapped a five-day losing streak and outperformed the other major indices. The S&P 500 also ended in the green, but the Dow barely budged. The star of the show was Nvidia, which soared 8% ahead of its earnings report on Wednesday. The chipmaker …
ETF Tracker Newsletter For August 18, 2023
ETF Tracker StatSheet You can view the latest version here. THE FED VS NVIDIA: WHO WILL WIN THE MARKET BATTLE? [Chart courtesy of MarketWatch.com] Moving the markets It was a boring day on Wall Street, as the major indexes barely moved from their opening levels. They started the day in the red, but slowly crawled out of their holes …