ETF Tracker StatSheet You can view the latest version here. THE FED HANGOVER CONTINUES [Chart courtesy of MarketWatch.com] Moving the markets The fact that the Fed’s announcement of higher rates possibly in 2023, some 2 years from now, caused such a disturbance in the financial markets, goes to clearly confirm the one thing I have been pounding on for …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets The morning, after the Fed’s announcement that it envisions two rate hikes in 2023, thereby subtly admitting that inflation may not be transitory, traders were shocked to see today’s market reaction, as this chart demonstrates. ZeroHege described it this way: Traders are watching in stunned amazement at what is going on in the …
Hawkish Fed Disturbs Bullish Sentiment
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed leaving interest rates unchanged for the time being, it was the outlook that disturbed the bulls today. Inflation expectations were raised to 3.4% for 2021, which is 1% higher than the March projection. The time frame as to when rate hikes might occur was moved to 2023, during which two …
Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the markets As I posted yesterday, more of the same was indeed how this session turned out. Traders stayed away from making new commitments and, due to lack of buying enthusiasm, the markets drifted aimlessly ahead of tomorrow’s Fed announcement. Although the major indexes wandered into the red, keep in mind that they are still …
Impending Fed Meeting Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets Red numbers were the theme this morning with the Dow and S&P 500 hovering below their respective unchanged lines with the former showing far more weakness than the latter. Resisting the early bearish mood was the Nasdaq, which maintained its bullish position, built on it throughout the session and ended it with a …
ETF Tracker Newsletter For June 11, 2021
ETF Tracker StatSheet You can view the latest version here. Treading Water [Chart courtesy of MarketWatch.com] Moving the markets Throughout the past week, the major indexes having been treading water, and today was no exception. The S&P 500, while peeking again into record territory, managed to eke out a weekly gain of 0.37%. During this session, we saw the …