ETF Tracker StatSheet You can view the latest version here. ENDING A POSITIVE MONTH ON A NEGATIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets Disappointment about Amazon’s unsatisfactory earnings report, after Thursday’s close, dented any remaining optimism and the kept the major indexes in the red throughout today’s session. To no surprise, the Nasdaq suffered the most but …
Mixed Fed Message Keeps Markets In Limbo
[Chart courtesy of MarketWatch.com] Moving the markets Despite an initial jump after the Fed’s dovish FOMC statement, during which Fed head Powell hinted that “substantial further progress” would be necessary before any type of tapering, hiking, or tightening would occur, markets slumped. He was referring to stronger job numbers and advances towards maximum employment. Strangely enough, the Fed did not …
Uncertainty Reigns—Equities Tumble
[Chart courtesy of MarketWatch.com] Moving the markets A couple of forces combined to slap the major indexes around until, late in the session, the markets found some footing and managed to reduce the early losses. Leading the charge to the downside was what appeared to be the bursting of the tech bubble in China, with its Hang Seng Tech index …
Inching Higher
[Chart courtesy of MarketWatch.com] Moving the markets Touching new all-time highs seems to be a regular occurrence, and today was no exception with the S&P 500 hovering again in record territory. That came as a surprise, as in overnight trading the Chinese tech stocks were a bloodbath again, as Beijing’s crackdown intensified. So far, the US markets seem to be …
ETF Tracker Newsletter For July 23, 2021
ETF Tracker StatSheet You can view the latest version here. GAINING ALTITUDE [Chart courtesy of MarketWatch.com] Moving the markets After Monday’s dump, which by now has long been forgotten, the bulls stepped up to the plate with the major indexes scoring four winning days in a row along with record closes. The overpowering economic concerns from earlier in the …
Earnings Power Rebound
[Chart courtesy of MarketWatch.com] Moving the markets The rebound continued into its second day with Monday’s losses now having been completely recaptured by all three major indexes. Better-than-expected earnings helped power the revival with Coca-Cola and Johnsen & Johnsen stoking the bullish attitude. The bounce-back was broad based with Small Caps (VBK) adding another +1.31%, but they were slightly …