[Chart courtesy of MarketWatch.com] Moving the markets All eyes were on the Fed’s two-year review of their policy framework with the focus being on their new idea of AIT (Average Inflation Target), which allows for periods when inflation could run hotter to make up for periods when it falls below the target with an averaged being 2% annually. Here are …
Nasdaq Scores A Chest-Pounding Gain
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat from yesterday, the S&P 500 and Nasdaq surged to new highs with the latter sporting an impressive gain of +1.73% while the former trailed but logged in a solid +1.02%. The Dow fell short and lagged again, but gold put on an impressive performance as well. News of progress of …
Back In The Driver’s Seat—Tech Rules Again
[Chart courtesy of MarketWatch.com] Moving the markets The markets opened slightly higher as positive vibes for equities were generated in part due to a phone call between top US and Chinese officials appearing to reaffirm their commitment to the phase one trade deal agreed to in early 2020. It’s not certain at all if this was simply pretense, because of …
Leadership Change
[Chart courtesy of MarketWatch.com] Moving the markets At least for this session, we saw a change in leadership with the Dow racing ahead +1.35% leaving the S&P 500 trailing with only a +1% gain. Lagging the major indexes, despite an early solid jump, was the Nasdaq, which dropped into the red at one point but managed to eke out a …
ETF Tracker Newsletter For August 21, 2020
ETF Tracker StatSheet You can view the latest version here. MAINTAINING THE BULLISH BEAT [Chart courtesy of MarketWatch.com] Moving the markets Despite a slowdown in upward momentum this week, equities squeezed out another win with the S&P 500 gaining +0.71%, which may not be impressive but indicates continued bullishness, even though we saw some choppy and sloppy trading. In …
Tech Reigns Supreme—Nasdaq Scores 35th Record Close
[Chart courtesy of MarketWatch.com] Moving the markets An initial dip for all major indexes turnout to be a non-event, as they dug themselves out of that early hole and closed in the green, with especially the Nasdaq showing a strong +1.06% gain. The rebound from yesterday’s loss happened in the face of two economic reports that kept concerns about the …