[Chart courtesy of MarketWatch.com] Moving the markets An early rise in bond yields, with the 10-year touching its highest level since January 2020, sent the major indexes on a southerly path and into another hole. That seemed to have been the theme as of late, with equities scrambling to get back to their respective unchanged lines. Today was no different, …
Struggling For Altitude
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes climbing again out of an initial hole, with the Dow back above its unchanged line, markets were shaken up early on. The culprit was news about the multibillion-dollar family office of Archegos Capital Management, which was faced with a margin call forcing them to liquidate massive holdings in stocks …
ETF Tracker Newsletter For March 26, 2021
ETF Tracker StatSheet You can view the latest version here. THUNDERING INTO THE CLOSE [Chart courtesy of MarketWatch.com] Moving the markets After meandering sideways for most of the session, the major indexes picked up steam during the last hour and ended a rollercoaster week solidly in the green. The Dow recaptured its 33k level, the Nasdaq jumped back above …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets Another day, another roller coaster ride. Sharp early losses were wiped out, as the markets did a U-turn with the major indexes ending moderately in the green. One of our more volatile SmallCap holdings had triggered its trailing sell stop last night and was sold. Fed head Powell contributed to the early sell-off …
Reversal Day: Nasdaq Pops And Drops
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s broad retreat, the Nasdaq managed an early bounce, which was quickly wiped out when the index changed direction and headed south while accelerating its demise for the day during the last hour. SmallCaps had a wild and whacky day as well. Up strongly in the morning, the momentum faded with “value” …
No Place To Hide
[Chart courtesy of MarketWatch.com] Moving the markets An early attempt by the major indexes to cling to their respective unchanged lines proved to be a futile one, when mid-day the bears stormed out of hibernation. All equities were slammed, and a sea of red was the inevitable result. Even slipping bond yields could not stem the tide, but at least …