[Chart courtesy of MarketWatch.com] Moving the markets Ever since we had 2 down days at the beginning of October, equities have been on a relentless march higher (green arrow in chart) with virtually no interruption. Despite the Fed’s efforts to lower interest rates, this rally happened in the face of rising bond yields, an event that usually takes the starch …
Building On Friday’s Gains
[Chart courtesy of MarketWatch.com] Moving the markets There wasn’t really a driving force behind today’s continued rally, as the futures markets started the bullish theme via the same old playbook. The trade carrot was dangled again and came into play on a news headline that “a White House officials tells Politico a deal with China is almost there…” That was …
ETF Tracker Newsletter For November 1, 2019
ETF Tracker StatSheet You can view the latest version here. Markets Melt Up Due To Better Than Expected Jobs Report [Chart courtesy of MarketWatch.com] Moving the markets The jobs report proved to be the dominating market force today, as October lost its luster as a bull market killer. The US economy added 128k jobs, which was far better than …
Surviving October, AKA The Bull Market Killer
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed’s market pleasing efforts yesterday, it appears that the US-China trade talks, or rather the lack thereof, have enough power left to affect market direction. Such was the case this morning when a report said that “Chinese officials have doubts about the prospects for a long-term trade deal with the US.” …
Fed Cuts Rates And Pleases Markets
[Chart courtesy of MarketWatch.com] Moving the markets As was expected, the Fed cut interest rates by 0.25%, and analysts were salivating all over the language in the accompanying statement, in order to see what might have been said different this time. The wording shifted slightly to a more hawkish stance from: “…will continue to monitor the implications of incoming information …
Slipping Ahead Of The Fed Announcement—Will History Repeat Itself?
[Chart courtesy of MarketWatch.com] Moving the markets After an early bounce, the markets pulled back with the Nasdaq suffering the most after Google’s disappointing earnings, which followed a few days later after Amazon showed a quarterly report card that was not up to expectations. I was surprised to see this little of a fallout from these 2 behemoths, which usually …