ETF Tracker StatSheet You can view the latest version here. Bulls Run Wild After Senate Unleashes Money Printing: How Long Can It Last? [Chart courtesy of MarketWatch.com] Moving the markets The market soared today after the Senate cleared the way for more money printing by suspending the debt ceiling until 2025. This means the Fed and the politicians can …
Congress Clears Debt Hurdle, Traders Cheer And Fear
[Chart courtesy of MarketWatch.com] Moving the markets After weeks of political drama, Congress finally passed the debt ceiling bill last night, much to the relief of the traders who celebrated with a rally. The bill is now heading to the Senate, where it is expected to sail through smoothly. Sources say the Senate won’t rest until Biden signs it into …
Market Dips As Debt Deal Hangs In Balance And Fed Sends Mixed Signals
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was in a gloomy mood today as the debt ceiling deal faced uncertainty and opposition in Congress. The House Rules Committee approved the deal, but the final vote will take place tonight at 8:30pm EST. The major indexes stayed in the red all day, despite a late rally that trimmed some …
Debt Ceiling Deal in Doubt, Markets Waver
[Chart courtesy of MarketWatch.com] Moving the markets The debt ceiling drama is far from over. Even though the two parties have reached a tentative deal, they still need to pass it in Congress by tomorrow. But many lawmakers are not in town, and some Republicans are not on board. This could spell trouble for the compromise bill. The markets were …
ETF Tracker Newsletter For May 26, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS RALLY ON DEBT DEAL PROGRESS, BUT BEWARE OF FED, INFLATION AND BANKING BUGS [Chart courtesy of MarketWatch.com] Moving the markets The markets were in a cheerful mood for the second day in a row, as hopes rose for a debt ceiling deal that would prevent a default. The …
Nvidia’s Record-Breaking Day Overshadows Debt Ceiling Crisis
[Chart courtesy of MarketWatch.com] Moving the markets Nvidia stole the show today with its stellar earnings report, which sent its stock soaring 25% and added $200 billion to its market value. That’s the biggest one-day gain for any US company ever. The chipmaker also raised its outlook for the next quarter, thanks to the booming demand for artificial intelligence (AI) …