[Chart courtesy of MarketWatch.com] Moving the markets Subdued trading best describes today’s session during which the major indexes operated within a tight range. Despite a red close, the losses were minor, and the activity resembled a lack of motivation due to key inflation data and first quarter earnings awaiting on deck. Market volatility continued to decline, as seen by the …
ETF Tracker Newsletter For April 9, 2021
ETF Tracker StatSheet You can view the latest version here. LEAPING INTO THE CLOSE [Chart courtesy of MarketWatch.com] Moving the markets A last hour ramp pulled the major indexes out their sideways pattern and pushed them into a solid green close. For a change, the Dow led the pack by scoring another record high with the Nasdaq only in …
Discovering Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets After two days of aimless sideways meandering, the markets broke out to the upside although in moderate fashion. Nevertheless, it was enough of a spurt for the S&P 500 to score a new record high, while the index stopped just short of breaking through the 4,100 level. “Growth” outperformed “value” by a wide …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets Despite the markets having moved in a tight range, and pretty much ended the session unchanged, it was enough of a gain for the S&P 500 to score another record close. All eyes were on the release of the Fed minutes, which showed continued commitment by the Central Bank to support an accommodative …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets With the markets having surged into April, it was time for the pace to slow down, and that is what we saw today. The S&P 500 broke a 3-day winning streak with the indexes coming off their record highs, although by only a small margin. Bond yields continued to ease up with the …
“Goldilocks” Jobs Report Thrusts Markets
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated upward equity momentum based on Friday’s jobs report (markets were closed), which generated some 916k jobs in March, was well above the expected 647k, yet it fell short of the 1.8 million whisper number. In other words, it fell into “goldilocks” territory meaning not too strong and not …