[Chart courtesy of MarketWatch.com] Moving the markets With uncertainty about the upcoming earnings season taking center stage, and traders having more questions than answers, the markets simply took the path of least resistance, which was down. The major indexes never saw any green numbers and vacillated below their respective unchanged lines, as the Nasdaq fared the worst by dropping -2.26%. …
ETF Tracker Newsletter For July 8, 2022
ETF Tracker StatSheet You can view the latest version here. WILL GOOD NEWS BE BAD NEWS AGAIN? [Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed to eke out a winning week after the relentless losses during the month of June, despite a “good news could be bad news scenario” waiting in the wings. All eyes were …
Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the markets Another wild session had the markets bobbing and weaving, yet the major indexes managed to eke out a small gain. All eyes had been on the release of the Fed’s FOMC minutes from June, which indicated that they had not wavered from their commitment to bring inflation down. The unanswered question was whether …
Climbing Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets The unpredictable and wild market swings continued today, when the major indexes crashed at the opening with the Dow dumping some 700 points. As we’ve seen numerous times in the past, a slow and steady climb ensued pulling stocks out of a deep hole, which helped the S&P end a tad in the …
Flipping, Ripping And Dipping
[Chart courtesy of MarketWatch.com] Moving the markets Dip buyers and buy-and-holders suffered through another wild session not unlike the last quarter and the first half of 2022, during which the S&P 500 headed towards its worst result since 1970. But the latest update from Bloomberg shows that the index was down 21.01% in 1970 H1, but we are currently down …
Going Nowhere Fast
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early pop in the major indexes, the struggle of finding a bottom, off which to launch a bullish rebound from, eluded traders and algos alike. Absent of a major Ramp-A-Thon tomorrow, the last day of the quarter, Wall Street will be left swallowing the bitter pill that the worst half of …