[Chart courtesy of MarketWatch.com] Moving the markets In case you missed it or got confused by last week’s efforts by the Fed to rescue the markets via an alphabet soup of emergency measures, analyst and author Graham Summers put together an easy to understand summary: On Thursday the Fed announced a $2.3 trillion (with a “T”) monetary program. In its …
ETF Tracker Newsletter For April 10, 2020
ETF Tracker StatSheet You can view the latest version here. Jobless Claims Surge To 17 Million—Markets Rally [Chart courtesy of MarketWatch.com] Moving the markets The shocking yet not surprising number of the day was the fact that now almost 17 million people have filed initial jobless claims—in the past 3 weeks, which implies an unemployment rate of around 13% …
Markets Salivating On Hopes Of U.S. Removing Containment Measures
[Chart courtesy of MarketWatch.com] Moving the markets Here’s an analysis of the market idiocy we saw over the past couple of trading days. A tip of the hat goes to ZeroHedge for this explanation: In a mirror image of yesterday’s last 10 minutes action, when the S&P dumped by 40 points in seconds, when a $2.4BN “market on close” (MOC) …
An 800-Point Dow Rebound Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets Signs of progress in the fight against the coronavirus in Europe and the U.S. kept yesterday’s rebound alive. Even though headlines were mixed, assumptions of a “plateauing” of the crisis prevailed on Wall Street, along with the idea that the markets are bottoming out. While that is a hopeful explanation, however, expectations that …
Glimmers Of Hope Create A Melt Up In Equities
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets jumped out of the gate, as Trump presented an upbeat outlook during Sunday evening’s press conference with officials in New York and Italy reporting notable declines in new cases and deaths: “We are beginning to see the glimmers of progress,” Pence said at a White House news conference on Sunday. …
ETF Tracker Newsletter For April 3, 2020
ETF Tracker StatSheet You can view the latest version here. A GLOOMY JOBS REPORT PENALIZES EQUITIES [Chart courtesy of MarketWatch.com] Moving the markets It could have been a lot worse with equities churning lower today, but thanks to Monday’s surge, the weekly effect was relatively minor with the S&P 500 “only” surrendering a modest -2%, which is tiny when …