[Chart courtesy of MarketWatch.com] Traders had a lot on their plate on Monday: a flood of corporate earnings reports, rising bond yields, and simmering tensions in the Middle East. But they chose to focus on the positive and pushed stocks higher. The S&P 500 rose by about 1%, but it still faces a hurdle: the top of its downward trend …
ETF Tracker Newsletter For October 13, 2023
ETF Tracker StatSheet You can view the latest version here. STOCKS FALL ON FRIDAY AS INFLATION FEARS SPOOK INVESTORS: IS THE FED STUCK BETWEEN A ROCK AND A HARD PLACE? [Chart courtesy of MarketWatch.com] The markets had a roller coaster ride on Friday, as oil prices soared, and inflation fears spooked investors. Wall Street closed a turbulent week with …
Inflation Fears And Bond Market Carnage Send U.S. Stocks Lower
[Chart courtesy of MarketWatch.com] U.S. stocks ended lower on Thursday, snapping a four-day winning streak, as investors digested the latest inflation data and a dismal bond auction. The consumer price index (CPI), a key measure of inflation, rose by 0.4% in September and 3.7% year-over-year, beating the consensus estimates of 0.3% and 3.6%, respectively. The core CPI, which excludes volatile …
Oil Deal And Bond Rally Lift Stocks Despite Inflation Spike
[Chart courtesy of MarketWatch.com] Stocks went up on Wednesday as investors shrugged off the latest inflation scare and celebrated a big deal in the oil industry (Exxon swallowed Pioneer Natural Resources). Treasury yields kept falling from the 16-year peaks they hit last week, which gave stocks a boost after a midday slump. Another factor that helped stocks bounce back was …
How Long Can Stocks Defy Gravity Amid Geopolitical And Economic Risks?
[Chart courtesy of MarketWatch.com] U.S. stocks went up on Tuesday, thanks to lower Treasury yields and a short squeeze. Wall Street was busy assessing the geopolitical risks of the Israel-Hamas war, which has been going on for longer than some Netflix shows. The 10-year Treasury yield ended down 15 basis points to 4.65%, as investors flocked to the safe haven …
Stocks Defy Gravity As Bond Market Snoozes And Fed Sings
[Chart courtesy of MarketWatch.com] Monday was a day of surprises for the stock market, as it bounced back from a morning slump despite the escalating violence in the Middle East. The bond market took a holiday, leaving investors in the dark about the impact of the Israel-Hamas conflict on interest rates. The major indexes started the day in the red, …