ETF Tracker StatSheet You can view the latest version here. A POSITIVE CLOSE ENDS A DOWN WEEK [Chart courtesy of MarketWatch.com] Moving the markets After Monday’s bounce, it was all downhill, although moderately, but today the bulls found their mojo again with the major indexes staging a broad recovery lead by the Nasdaq’s 1.19% charge. It was a positive …
Searching For Clarity And Direction
[Chart courtesy of MarketWatch.com] Moving the markets On deck today were the Fed minutes from the July meeting, which disclosed what everyone already knew, namely that discussions about a possible reduction of its monthly $120 billion bond buying program had already happened. Here’s what the minutes said: Looking ahead, most participants noted that, provided that the economy were to evolve …
Stocks Dump—Where’s The Afternoon Pump?
[Chart courtesy of MarketWatch.com] Moving the markets An early dump in the markets was not followed by the usual afternoon pump, as a meager rebound attempt failed to make up for the early losses. Contributing to the sour mood were declining retail sales, as the artificial boom created by almost 18 months of “stimmy checks” had worn off. Other econ …
Dipping and Ripping
[Chart courtesy of MarketWatch.com] Moving the markets Overnight, Chinese econ data came in far below expectations thereby pulling down the futures markets. Even though their retail sales increased by 8.5% in July, it was a far cry from the expected 11.5% forecast. The manufacturing sector figure disappointed as well. This negative sentiment carried over into the regular session with the …
ETF Tracker Newsletter For August 13, 2021
ETF Tracker StatSheet You can view the latest version here. GRINDING OUT ANOTHER WIN [Chart courtesy of MarketWatch.com] Moving the markets It was a struggle, but the major indexes managed to close in the green again and finish another week with a win. Early this morning, the Dow and S&P 500 made new all-time highs but skidded lower throughout …
Gingerly Advancing
[Chart courtesy of MarketWatch.com] Moving the markets Despite worsening inflation numbers, the markets jumped right after the opening bell, with only the Nasdaq losing momentum during the session, while the Dow and S&P 500 remained solidly in the green. July’s CPI showed that prices surged 5.4% YoY, which was a tad higher than expectations of 5.3%. MoM the CPI increased …