ETF Tracker StatSheet You can view the latest version here. LIMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets In a similar fashion to yesterday, the markets chopped around with the Dow again being the weakling, while the S&P clung to its unchanged line, but the Nasdaq continued its ascent to higher prices and gained 0.40%. With …
Stalling Near Record Highs
[Chart courtesy of MarketWatch.com] Moving the markets The bulls took a breather today and lost a tug-of-war pitting a continuation of strong earnings against persistent inflation anxieties. At least for this day, the dip buyers were conspicuously absent causing the major indexes to give back some of their recent gains. For the week, the Nasdaq has been sprinting ahead with …
Finding A Catalyst
[Chart courtesy of MarketWatch.com] Moving the markets An initial bounce caused by strong October retail sales, as well as better-than-expected earnings report cards from Home Depot and Walmart, ran into some resistance mid-day, but the major indexes still managed to eke out a gain. Leading the pack was the Nasdaq with a solid 0.76% advance, while the Dow lagged and …
Slipping And Sliding
[Chart courtesy of MarketWatch.com] Moving the markets One look at the chart above tells the entire story, namely that the markets were aimlessly wandering, as bond yields reversed and spiked, which kept any bullish meme in check. On deck, and awaited with some anxiety, are the quarterly reports from the big box retailers due out later this week. Inflation remains …
ETF Tracker Newsletter For November 12, 2021
ETF Tracker StatSheet You can view the latest version here. FIRST DOWN WEEK IN SIX [Chart courtesy of MarketWatch.com] Moving the markets After weakness in the markets, we saw a rebound attempt yesterday, which faded into the close, but had the Nasdaq come out ahead with a 0.52% gain. This positive theme travelled through the futures market and creature …
Spiraling CPI Handcuffs Equities
[Chart courtesy of MarketWatch.com] Moving the markets Following yesterday’s eye-popping Producer Price report, it came as no surprise to me that today’s soaring CPI release confirmed what I have been pouncing on all year, namely that inflation is here is to say and likely will get worse. US Consumer prices soared at their fastest rate in 40 years, as ZH …