[Chart courtesy of MarketWatch.com] Moving the markets After three consecutive losing sessions, the major indexes managed to score a win, despite another horrific inflation number, which traders simply overlooked. Some corporate earnings came in better than expected (BlackRock, Fastenal, Delta) with the latter one announcing the return to profitability this quarter. Other airlines, hotel, and travel stocks joined the rebound, …
CPI Reaction: Melting Up—Then Melting Down
[Chart courtesy of MarketWatch.com] Moving the markets Despite the CPI coming in at an annual rate of 8.5%, worse than expected (8.4%), the fact that the index increased a horrible 1.2% MoM was simply ignored, as traders, and computer algos were encouraged by the Core CPI (excluding food and energy), which “only” rose 0.3% in March vs. an expected gain …
Soaring Bond Yields Slam Equities
[Chart courtesy of MarketWatch.com] Moving the markets There was no question as to who oversaw market direction today. With bond yields soaring, and the 10-year spiking to 2.78%, its highest level since January 2019 when it topped out at 2.799%, the bears clearly had the upper hand. The major indexes got smacked with the Nasdaq leading the downturn by surrendering …
ETF Tracker Newsletter For April 8, 2022
ETF Tracker StatSheet You can view the latest version here. TRYING TO OVERCOME FED ANGST [Chart courtesy of MarketWatch.com] Moving the markets A former Fed president said what he was not allowed to when he was in office, namely that the Fed needs to push down equities to get inflation under control. This was followed by a current Fed …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/07/2022
ETF Data updated through Thursday, April 7, 2022 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Fed’s Hawkish Intentions Hamper Markets
[Chart courtesy of MarketWatch.com] Moving the markets The highly anticipated Fed minutes turned out to be more hawkish than expected in terms of QT (Quantitative Tightening) and future rate hikes, which ZH summed up like this: As much as $95 billion in asset runoff per month ($60-90 bn expected) Many Fed officials say half-point hikes may be warranted Fed sees …