[Chart courtesy of MarketWatch.com] Moving the markets An early upswing ran into a brick wall, as the Fed minutes created uncertainty across the board. The Fed’s shying away from Yield Curve Control (YCC), where they allow interest rates to vacillate within a predetermined range, raises the risk of a potential hike in bond yields, which is not a positive for …
Breakout: S&P 500 And Nasdaq Score Record Highs
[Chart courtesy of MarketWatch.com] Moving the markets We saw a sloppy start to the session, during which the S&P 500 bounced, dropped into the red but recovered and slowly but surely climbed out of that early hole. Despite several attempts during the recent past, today was the day the index managed to set a new all-time high. Not to be …
Gold Pops—US Dollar Drops
[Chart courtesy of MarketWatch.com] Moving the markets I could not help but laugh out loud last Friday afternoon when one of the greatest gold haters, namely Warren Buffett, disclosed in his Berkshire Hathaway’s latest 13F filing that he liquidated huge amounts of US Bank stocks, and replaced them as follows: Berkshire took a new stake (20.9 million shares) in Barrick …
ETF Tracker Newsletter For August 14, 2020
ETF Tracker StatSheet You can view the latest version here. WAVERING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Bobbing and weaving best describes today’s market action with the major indexes clinging to their respective unchanged lines. Bulls were not in a buying mood with news about economic data lacking spunk, as did the stalled negotiations about …
Chopping Around The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow never managed to climb above its unchanged line, the S&P 500 showed some promising early gains, only to give them back late in the session. However, the Nasdaq resisted red numbers and closed in the green, along with GLD, which added a solid +2.36% for the session. The latest jobs …
Bounce Back Wednesday
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s sell-off now appears in the rear-view mirror as a vanishing object, as the major indexes stormed back and ended solidly in the green. The S&P 500 closed just shy of a new record, although it broke the old high set on February 19 on an intra-day basis. Surely, the move was not …