ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11162017/ DOW AND S&P 500 SLIP FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the Markets Center stage again were developments surrounding the House’s tax cut plan, and it’s now up to the Senate to either agree (no chance) or come up with mutually agreeable changes or adjustments. This uncertainty spread to the major indexes, which were …
Bounce Back Thursday
[Chart courtesy of MarketWatch.com] Moving the Markets After skidding two days in a row, the major indexes bounced back and erased their recent losses with the S&P ending the session at the same level where we closed on Monday. Giving an assist was the widely expected passage of the tax bill in the House. That in itself is progress but …
Lack Of Tax-Overhaul Progress Whacks Sentiment
[Chart courtesy of MarketWatch.com] Moving the Markets While the major indexes suffered their biggest one-day percentage drops since September, as MSM reports, we have to remember that, when looking at the entire 2017 YTD performance, today’s 0.5% pullback is hardly newsworthy. Nevertheless, a weak energy sector with XLE correcting -1.16% did not help matters. And, as I reported just about …
Eking Out A Tiny Gain
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes dropped into the red right after the opening bell but managed to climb out of the basement fairly quickly only to spend the rest of the session around the unchanged line without much conviction. In the end, we closed in the green but only by the slightest of margins. Upside …
ETF Tracker Newsletter For November 10, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11092017/ MORE TAX-CUT DELAY TALK SPOOKS INVESTORS [Chart courtesy of MarketWatch.com] Moving the Markets Follow through declines from yesterday’s pullback were rebuffed early on when a slow crawl towards the unchanged line ensued. However, only the Nasdaq was able to muster enough momentum to barely close in the green. The Dow and S&P 500 just fell short …
Snapping The Winning Streak
[Chart courtesy of MarketWatch.com] Moving the Markets The Dow’s seven-day win streak came to an end today, as technology and industrials took the brunt of the sell-off, the negative effects of which were greatly reduced thanks to the afternoon rebound. However, worries about a possible delay in the implementation of the corporate tax cut plan by one year proved to …