[Chart courtesy of MarketWatch.com] Moving the markets My somewhat humorous headline contains some truth in that hope for a Santa Claus rally is alive and well but has been met with resistance due to intensifying omicron fears with a resurgence in the number of Covid cases, which have been blamed on the variant. To be clear, the Santa Claus rally …
ETF Tracker Newsletter For December 17, 2021
ETF Tracker StatSheet You can view the latest version here. DIVING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets As anticipated, volatility reared its ugly head and sent the markets on another roller coaster ride. Despite a variety of rebound attempts, the bulls were not able to achieve a green close, as the bears prevailed with the …
Fed Stokes Markets
[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed announcement came and went. What mattered most to Wall Street traders was that Powell’s announcement was in line with expectations and contained no surprises. ZeroHedge clarified it this way: The Fed statement and economic projections saw the central bank double the pace of its asset purchase tapering to USD 30bln …
Stalling And Falling
[Chart courtesy of MarketWatch.com] Moving the markets There was simply too much uncertainty swirling around Wall Street to give the bulls any encouragement to pull the major indexes out of yesterday’s doldrums, so the bears dominated the session again. First, there was Goldman Sachs ringing the alarm bell by stating their worry about market breadth. Zero Hedge noted that it …
S&P 500 Tumbles From Its Record High
[Chart courtesy of MarketWatch.com] Moving the markets Despite the futures markets showing solid gains across the board last night, a sense of reality returned this morning, with all indexes opening to the downside. A mid-day rebound ended in disappointment, as the bears asserted some strength and pushed the major indexes towards their lows of the session. However, this really comes …
ETF Tracker Newsletter For December 10, 2021
ETF Tracker StatSheet You can view the latest version here. PUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering, even though above the unchanged line, turned into a late session ramp with the major indexes pushing higher, led by the S&P 500, with all three of them ending the day with solid gains. Despite a …