ETF Tracker StatSheet You can view the latest version here. STAGFLATION FEARS RESURFACE AMID RISING INFLATION AND BOND YIELDS [Chart courtesy of MarketWatch.com] The tech sector saw modest gains, with the Nasdaq achieving its fourth consecutive week of growth. However, the S&P 500 and the Dow both experienced slight losses. As we near the end of 2024, the S&P …
Hotter-Than-Expected PPI Report Sends Markets Tumbling
[Chart courtesy of MarketWatch.com] Following yesterday’s CPI report, traders were met with the release of the Producer Price Index (PPI) this morning, which showed a hotter-than-expected 0.4% price increase last month, compared to the anticipated 0.2%. This year-over-year rise pushed prices up by 3.0%, the highest since February 2023, with food costs leading the surge, rising at their fastest pace …
Gold And Bitcoin Rally Despite Rising Bond Yields And Dollar
[Chart courtesy of MarketWatch.com] The latest inflation readings provided a boost to the markets, with the S&P 500 and Nasdaq achieving solid gains, while the Dow lagged. The Consumer Price Index (CPI) met expectations, showing a 0.3% rise from October and a 2.7% increase year-over-year. The Federal Reserve’s preferred measure, the core CPI, which excludes volatile food and energy prices, …
Market Wavers Amid Seasonal Softness And CPI Anticipation
[Chart courtesy of MarketWatch.com] Today, the traditional seasonal softness of mid-December persisted, with major indexes fluctuating without clear direction and ultimately closing in the red, despite a surge in small business optimism. An early rally in the Mega-Tech sector hit a ceiling, reversed, and erased initial gains, making the Nasdaq the biggest loser of the day. Additionally, the most shorted …
Equities Decline Ahead Of Key Inflation Data; Gold Advances
[Chart courtesy of MarketWatch.com] Equities declined ahead of key inflation data expected later this week, causing the major indexes to slip into the red. However, gold defied the trend with a solid advance. Nvidia and Advanced Micro Devices faced pressure, with Nvidia dropping nearly 3% and Bank of America downgrading AMD from a “buy” to a “neutral” rating. Last week’s …
ETF Tracker Newsletter For December 6, 2024
ETF Tracker StatSheet You can view the latest version here. SEASONAL TRENDS HINT AT POTENTIAL MARKET DOWNTURN NEXT WEEK [Chart courtesy of MarketWatch.com] Traders viewed today’s jobs report as a “Goldilocks” scenario, where the data was better than expected but not so strong as to discourage the Federal Reserve from potentially cutting interest rates later this month. This morning, …