[Chart courtesy of MarketWatch.com] Moving the markets When I was watching the futures markets last night, I already knew that today would not be a good one to be in the markets. Despite the Fed unloading its biggest emergency bazooka ever, by announcing $700 billion in QE and a full 1% reduction in interest rates to “zero,” markets immediately went …
ETF Tracker Newsletter For March 13, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING A BRUTAL WEAK WITH A RELIEF RALLY [Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed to keep a rebound rally going after yesterday’s collapse. As I posted, during bear markets, you can witness violent upswings, but they don’t mean the bearish trend is over. Today, …
The Bull Dies Of Morbid Obesity—The Bear Roars—The Crash Fest Continues
[Chart courtesy of MarketWatch.com] Moving the markets In a few decades, historians will look back at the past 10 years and shake their heads in disbelieve at the insane Fed monetary policies that have kept markets artificially propped up, while “disallowing” any downside moves beyond a certain “acceptable” percentage. Though many erroneously attribute the current market disaster to the coronavirus, …
Plunging Deeper Into Bear Market Territory
[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s hope-based snap-back rally has now assumed the smell of a dead-cat bounce, with the major indexes getting hammered, as the Dow touched the commonly recognized bear market territory, which is a 20% drop from recent highs. A few headlines combined to eradicate any remaining bullish sentiment: Core …
Panic Selling Strikes Wall Street; The Bloodbath Continues
[Chart courtesy of MarketWatch.com] Moving the markets Watching the oil and market destructions in the future’s last night, I had a pretty good idea as to what was in store for today. The Dow plunged 2,000 points, while other indexes were down over 6% with the S&P 500 locked limit down at -5% and tumbling to -7.60% after the regular …
ETF Tracker Newsletter For March 6, 2020
ETF Tracker StatSheet You can view the latest version here. STUCK IN BEAR MARKET TERRITORY [Chart courtesy of MarketWatch.com] Moving the markets Despite a concerted effort to pump the major indexes back up, after sharp declines, the result still produced red closes, but at least some of the losses were reduced. It did not prevent the Dow from having …