[Chart courtesy of MarketWatch.com] The S&P 500 took a breather Wednesday, retreating from its recent peak, as Nvidia’s sizzling start to 2024 finally saw a chill. The trading floor was still buzzing from Tuesday’s gains, where the S&P 500 and Nasdaq jumped over 1% after inflation reports aligned with the crystal ball predictions. Core inflation, minus the munchies and gas, …
Fed’s Rate Cut Plans: On Thin Ice After Inflation’s Spicy Surprise?
[Chart courtesy of MarketWatch.com] On a day when the inflation report played nice and mostly met the expectations for February, the stock market decided to throw a little party of its own. The consumer price index, which is like the economy’s thermometer, rose by 0.4% last month, hitting a 3.2% year-over-year fever. The economists’ crystal balls predicted this well, except …
Bitcoin Blasts Off As Traders Brace For CPI Countdown
[Chart courtesy of MarketWatch.com] In the unpredictable world of Wall Street, stocks took a morning dive but didn’t forget their floaties, bobbing back up by closing time as the recent record-breaking rally decided to take a breather. Meanwhile, traders played a game of ‘hot potato’ with their portfolios, not wanting to get burned before tomorrow’s sizzling Consumer Price Index (CPI) …
ETF Tracker Newsletter For March 8, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD GLITTERS AND BITCOIN BOOMS AS THE DOLLAR DIVES [Chart courtesy of MarketWatch.com] In the whimsical world of Wall Street, the major indexes took a rollercoaster ride, initially hitting the gas with bullish enthusiasm only to slam on the brakes and retreat, leaving Nvidia’s jaw-dropping rally needing a pit …
Bitcoin And Gold Shine As The Market And The Dollar Diverge
[Chart courtesy of MarketWatch.com] The stock market recovered some of its losses on Thursday, as investors cheered lower inflation forecasts from Europe and higher tech stocks. The European Central Bank cut its projections for inflation and growth for this year but kept its interest rates unchanged. This suggested that inflation was not a global threat. The ECB’s decision followed the …
Gold And Bitcoin Steal The Show As Tech Stocks Crash And Nvidia Spooks
[Chart courtesy of MarketWatch.com] The U.S. stock market took another hit on Tuesday, as big tech stocks like Apple dragged it down further from its recent record highs. Apple lost almost 3% after a report showed that its iPhone sales tanked in China in the first six weeks of 2024. Other tech giants such as Tesla, Netflix and Microsoft also …