[Chart courtesy of MarketWatch.com] The indexes were closely hugging their respective unchanged line at the start of the session, as we entered the Holiday shortened week. Some of this uncertainty was based on tomorrow’s release of the May retail sales numbers, which can represent the financial health of the consumer. After the early dip, buyers stepped in and pulled the …
ETF Tracker Newsletter For June 14, 2024
ETF Tracker StatSheet You can view the latest version here. TECH TITANS TUSSLE FOR TOP SPOT AMIDST MARKET MELT-UP AND MAIN STREET MALAISE [Chart courtesy of MarketWatch.com] Stocks fell right after the opening, as a decline in consumer sentiment gave the bears a reason to cheer. However, the S&P 500 ended only marginally lower but gained for the week. …
Inflation Eases, Equities Rally: Dow Recovers While Jobless Claims Hit 10-Month Peak
[Chart courtesy of MarketWatch.com] The major indexes wavered with the Dow being the weakling of the day, despite more inflation data showing better-than-expected results. May’s Producer Price Index (PPI), which was anticipated to rise 0.1%, came in lower by 0.2% from the month of April. That sort of confirms the Fed’s view yesterday that “progress has been made on the …
Market Roller Coaster: CPI Stability Spurs Rally, Powell’s Caution Curbs Rate-Cut Fever
[Chart courtesy of MarketWatch.com] The latest CPI report sent stocks higher and bond yields lower, as the index was unchanged for May vs. an expected 0.1% monthly rise. Year-over-year, the increase was 3.3%, which was also lower than the anticipated 3.4%. Even the Fed’s favorite gauge, the core CPI, which excludes volatile components like energy and food, was in line …
Investors Eye CPI Reading And Fed’s Rate Verdict Amidst Tech Stock Surge
[Chart courtesy of MarketWatch.com] The major indexes started the session in the red, with only the S&P and Nasdaq being able to climb out of that early hole and close in the green, as buying picked up late in the session. The Fed started its 2-day meeting on interest rates today with the verdict being announced Wednesday after 11 am …
Gold And Bitcoin Rebound, Oil Surges Amidst Market Uncertainty Ahead Of CPI Release And Fed’s Rate Verdict
[Chart courtesy of MarketWatch.com] With the much-anticipated jobs report out of the way, but Wall Street still pondering its implications, the new focus is on the Fed’s interest rate decision and last month’s inflation data. Both are due out Wednesday with the CPI potentially being a crucial point for market direction. Especially, after Friday’s allegedly strong jobs report, the Fed …