[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the markets headed south following the global negative sentiment caused by a sell-off in Asia, as coronavirus issues again fanned fears of slowing economic growth worldwide. Concerns about the epidemic’s impact first overpowered upbeat earnings news from Microsoft and Tesla, with airline stocks falling due to the travel …
Going Nowhere
[Chart courtesy of MarketWatch.com] Moving the markets In the end, today was nothing but one gigantic roller coaster ride, as an early rally lost steam, then found some fresh upward momentum, which was all given back at the close. Maybe the early pump was the result of Apple’s blow-out earnings announced yesterday after the close, but it sure had no …
Climbing Out Of A Hole
[Chart courtesy of MarketWatch.com] Moving the markets Despite coming off the intra-day highs at the close, the major indexes managed to climb out of hole, and close in the green for the first time in the past three trading sessions, although a major short-squeeze gave an assist in that effort. Coronavirus fears subsided a little, as China appears to have …
Facing A Sea Of Red
[Chart courtesy of MarketWatch.com] Moving the markets As was no surprise, more fallout from the coronavirus over the weekend made its presence felt with all markets showing red numbers. Again, given the relentless melt up since October, a correction was way overdue, and this one occurred as black swan event by coming out of nowhere and resulting in the first …
ETF Tracker Newsletter For January 24, 2020
ETF Tracker StatSheet You can view the latest version here. Markets Suffer From An Infection [Chart courtesy of MarketWatch.com] Moving the markets An early bounce turned out to be short-lived, as ongoing issues with the coronavirus infected the markets, with equities registering their first losing week for this year. Despite the pullback, the S&P 500 remains still up by …
Moving From Optimism To Pessimism, But Markets Recover
[Chart courtesy of MarketWatch.com] Moving the markets As this chart shows, news about the coronavirus played havoc with market direction over the past 3 days, with optimism causing rallies and pessimism pulling equities back down. The overall impact was relatively minor so far, given the relentless march higher over the past few months. An early drop caught some support, and …