[Chart courtesy of MarketWatch.com] Moving the markets The was no question as to what the driver was to pull the markets down in no uncertain terms. As I cautioned just yesterday, surging bond yields will affect markets eventually, and that moment arrived today as the 10-year yield catapulted towards the 3.23% level, but it eventually settled …
ETF Tracker Newsletter For April 20, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/04/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-04-19-2018/ HOBBLING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets It was tough week with the major indexes struggling to not give back their gains made in the first 3 trading sessions. Even though we dumped into the weekend, stocks ended up in the green by a fraction of a percent. All good things …
Tech Sector Pulls Down Stocks
[Chart courtesy of MarketWatch.com] Moving the markets The 3-day really came to an end today with the major indexes pulling back but rallying off their session lows to limit damage. The late day rebound was the result of an announcement that Trump was told by Rosenstein that he was not the target of the Mueller investigation. That lifted the …
Military Tensions Weaken—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets The tug-of-war continued today as talk, that a strike on Syria may not be immediately in the cards, de-escalated tensions and giving a bullish assist to equities. The 3 major indexes scored solid gains after yesterday’s losses. Six out of the eleven primary S&P sectors gained led by Financials (XLF +1.75%) with Semiconductors …
Easing Trade Tensions Equal Higher Markets
[Chart courtesy of MarketWatch.com] Moving the markets What a difference a day makes! As much as yesterday’s trade-war fears were the culprit contributing to the early market dump, today’s easing of those fears helped spark an early rally that continued the rebound and led to the Dow’s first 3-day win streak in a month. While the early rally ran out …
Snap-Back Rally Propels Equities Higher
[Chart courtesy of MarketWatch.com] Moving the markets The much feared wave of selling that dominated last week came to a sudden end when the major indexes opened higher, pulled back slightly and then rocketed into the close thereby recording their largest one-day percentage gains since the middle of 2015. The bulls finally showed signs of life supported by reports that …