ETF Tracker StatSheet You can view the latest version here. DOW CLINGS TO GAINS AS EARNINGS SEASON BEGINS [Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to squeeze out another positive close, thanks to strong bank earnings that beat the low bar set by analysts. The S&P 500 and Nasdaq started off strong, but lost steam and …
Inflation Eases, Stocks Soar, Bonds Breathe
[Chart courtesy of MarketWatch.com] Moving the markets The latest CPI report was a pleasant surprise for Wall Street, as US consumer prices rose less than expected in June. The core CPI, which excludes food and energy, increased by only 0.2% month-over-month, the smallest gain since February 2020. The annual inflation rate eased to 3.0%, the lowest since March 2021. This …
Market Rises On Short Squeeze And CPI Optimism
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes climbed higher for the second day in a row, as investors waited for the latest inflation report due tomorrow. The report is expected to show a slight drop in the annual inflation rate to 3.1%, which would ease some of the worries about rising rates. Investors have already accepted that …
Market Mixed As Inflation Worries Clash With Earnings Hopes
[Chart courtesy of MarketWatch.com] Moving the markets The Dow bounced back from last week’s slump, but the S&P and Nasdaq barely budged as investors waited for inflation and earnings news. The CPI and PPI reports are due on Wednesday and Thursday, respectively, and could ease some inflation fears if they come in lower than expected. Meanwhile, big banks will kick …
ETF Tracker Newsletter For July 7, 2023
ETF Tracker StatSheet You can view the latest version here. JOBS, WAGES, AND REVISIONS: THE GOOD, THE BAD, AND THE UGLY [Chart courtesy of MarketWatch.com] Moving the markets The June jobs report was a mixed bag for the markets. The economy added 209k jobs, less than the forecast of 240k, but wages grew faster than expected, raising fears of …
Good Jobs Data Turns Sour For Stocks And Bonds
[Chart courtesy of MarketWatch.com] Moving the markets We all know the saying “when good news is bad news.” Well, today we got a reminder of what that means. ADP announced that private sector jobs jumped by 497k in June, smashing expectations and marking the biggest monthly gain since July 2022. That sounds like good news, right? Wrong. Because this report …