Shrugging Off Inflation Anxieties

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[Chart courtesy of MarketWatch.com] Moving the markets Despite consumer prices accelerating at their fastest pace since mid-2008, with the Consumer Price Index (CPI) rising 5% YoY, you would not have known that by today’s market reaction. Apparently, the investment crowd has bought the theme spewed about by the Fed that inflation is or will be “transitory.” The markets shrugged off …

Struggling For Direction

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[Chart courtesy of MarketWatch.com] Moving the markets The Dow and S&P 500 lost their early upward impetus and slid most of the day besides not being able to pierce overhead resistance, despite hovering within striking distance of new all-time highs. For a change, the Nasdaq showed more strength and ended the session moderately to the upside. Some analysts see the …

ETF Tracker Newsletter For June 4, 2021

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ETF Tracker StatSheet           You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS [Chart courtesy of MarketWatch.com] Moving the markets The eagerly awaited May jobs report surprised us with another “miss,” but it was not as dreadful as April’s result. The BLS reported that 559k jobs were added, which was a big improvement from last month’s …

Thriving And Diving

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[Chart courtesy of MarketWatch.com] Moving the markets In a repeat performance from yesterday, the major indexes rocketed higher right after the opening but then lost their mojo, headed below their respective unchanged lines but managed to eke out a small gain. The S&P 500 hovers less than 1% from its record high in May and is having trouble breaking through …

Aimless Wandering

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[Chart courtesy of MarketWatch.com] Moving the markets Despite a bullish start to open the first day of trading in June, the major indexes lost their early upward momentum throughout the day. The S&P 500 and Nasdaq dropped below their respective unchanged lines, bounced back, but still ended up slightly in the red, while the Dow stayed in the green. In …