[Chart courtesy of MarketWatch.com] Moving the markets The futures markets got rattled early on by comments from China’s top banking regulator jawboning that “he’s very worried about risks emerging from bubbles in global financial markets and the nation’s property sector.” That’s all it took to put the fears of further tightening, aka higher interest rates and bond yields, on the …
Slumping Bond Yields Equal Surging Equities
[Chart courtesy of MarketWatch.com] Moving the markets For a change, the positive mood in overnight futures trading, carried through into the regular session with equities surging out of the gate without so much as taking a pause. Turns out that after last week’s rut, some Central Banks (CBs) around the world were not taking any chances. Some doubled the amount …
ETF Tracker Newsletter For February 26, 2021
ETF Tracker StatSheet You can view the latest version here. CLOSING THE MONTH ON A WEAK NOTE [Chart courtesy of MarketWatch.com] Moving the markets Despite a slightly positive opening, the markets dropped sharply thereafter but attempted to rebound throughout the session. It was only the Nasdaq, which after some heavy drubbing early in the week, managed a green close, …
Bond Yields Jump And Markets Dump
[Chart courtesy of MarketWatch.com] Moving the markets I have repeatedly pointed to rising bond yields as being the big equalizer that could affect equities negatively, and that’s what happened today. For the past 2 trading days, it was the Fed & Co. issuing well placed statements thereby assisting the major indexes to overcome early bearishness. Where was the Fed head …
A Fed Assisted Bounce-Back
[Chart courtesy of MarketWatch.com] Moving the markets An early market dump received an unexpected assist, which turned into a big intraday comeback. Unlike yesterday, when Fed head Powell uttered some soothing remarks to pull equities out of a deep hole, today, the torch was passed. It was none other than Fed Gov Lael Brainard who took center stage first and …
Another Climb Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets For the past few trading sessions, it seems like I am saying the same thing every day: A positive tone in overnight trading followed by a slam down at the opening. Today was no exception, but the major indexes managed a nice comeback with only the Nasdaq remaining down by -0.50% at the …