Hawkish Fed: No News Is Good News

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Nothing mattered today other the release of the Fed minutes. There were no surprises with the policy meeting notes showing that the Central Bank is prepared to raise rates further than anticipated. This should have been reason enough for a sell off, but that did not happen. A deeper analysis of the minutes …

Battling Back

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Finally, the markets were able to build on early gains, with the bulls at last managing to score a winning session. As I posted Friday, I suspected as much due to balanced mutual funds having to go through their monthly rebalancing efforts this week. This move pulled the S&P 500 out of Friday’s …

ETF Tracker Newsletter For May 20, 2022

Ulli ETF Tracker Contact

ETF Tracker StatSheet           You can view the latest version here. AN AFTERNOON BOUNCE SAVES THE DAY BUT NOT THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets The market’s attempt at a comeback, after failing yesterday, was a success today as the Dow and S&P 500 managed to bounce back to their unchanged lines. Nevertheless, the S&P inched into …

A Dead-Cat Bounce Dies With A Vengeance

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Despite yesterday’s bullish euphoria, reality set in today and informed those, who had not gotten the message yet, that we are indeed in bear market territory, in which hopeful bounces tend to die quickly. Today’s action would be better described as a “puke fest,” with every asset class, except gold, being spanked with …

Bargain Hunters On The Loose

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Finally, an early advance, despite some mid-day pullbacks, continued its bullish trend, and the major indexes closed solidly in the green. Of course, the question remains whether upward momentum can be sustained in view of mounting concerns that the economy will tip into a recession later this year. Contributing to this rebound may …