[Chart courtesy of MarketWatch.com] Moving the Markets A host of events joined forces to keep equities in a state of uncertainty. It started with an ugly jobs data report showing that jobless claims spiked the most in 12 years, in part due to hurricane Harvey’s economic effects many of which are still unknown. Not helping matters was the announcement that …
ETF Tracker Newsletter For September 1, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/08/weekly-statsheet-etf-tracker-newsletter-updated-08312017/ PAYROLLS DISAPPOINT; MARKETS RALLY [Chart courtesy of MarketWatch.com] Moving the Markets The main problems of the past week, N. Korea and Harvey, got some company today when the jobs report turned out to be simply ugly with the BLS reporting that only 156k jobs were created in August compared to expectations of 180k. In addition, as …
Mission Accomplished: S&P Closes In The ‘Green’ For August
[Chart courtesy of MarketWatch.com] Moving the Markets The past few days, I have commented on the fact that the S&P was in danger of notching its first losing month in 2017, and that there was a good chance efforts would be made to push the index in the ‘green.’ That’s exactly what happened and, even though we managed to add …
When Only Good News Matters
[Chart courtesy of MarketWatch.com] Moving the Markets Even though I was a little facetious yesterday when commenting that the S&P needs to rally for the remaining 3 sessions of August to maintain its spotless record of rising every month, today was a step in the right direction. The Dow and Nasdaq managed to climb into the “green,” and the S&P …
Stock Stumble Continues
[Chart courtesy of MarketWatch.com] Moving the Markets Even though the day started on the plus side for the major indexes, early upward momentum was not sustainable as miserable housing data, for the second day in a row, gave the bears something to cheer about. Uncertainty continued as the debt-ceiling-battle between Trump and McConnell showed no compromise and threw doubt on …
Hugging The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets Equities struggled all day to find some direction, but the session turned out to be nothing but aimless meandering around the unchanged line with the major indexes essentially remaining unchanged. SmallCaps (SCHA) fared the worst with a loss of -0.68% closely followed by MidCaps (SCHM) giving back -0.31%. On the winning side, semiconductors …