ETF Tracker StatSheet You can view the latest version here. GLOBAL GROWTH FEARS STOP BULLISH MOMENTUM [Chart courtesy of MarketWatch.com] Moving the markets This is an early and short version of Friday’s commentary, since I will be tied up this afternoon. The markets are still open and will be for another 3.5 hours. We saw early weakness in part …
S&P 500 Struggles With The 3,000 Level—Brexit Deal Looms
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes edged higher early on, as the S&P500 fought hard to reclaim its 3,000-milestone marker. The index fluctuated all day slightly around that level but ended up slightly below it. Helping the bullish enthusiasm were news of a potential Brexit deal, which turned out to be more of a rumor than …
Trade Optimism Off—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets After the “mini trade” deal faded yesterday, today’s news brought into question whether anything was accomplished. Chinese officials essentially confirmed that the progress on the “phase 1” deal may have been a sham. Beijing will make good on the $50 billion of annual agricultural purchases, but only if Washington agrees to remove all …
Trade Deal Scepticism Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets After 1-1/2 years of trade negotiations, last Friday’s “mini-deal,” if you can even call it that, cast some more doubt on the substance of what was accomplished. The words “deal” or “substantial” just don’t fit the picture of what some analysts have called nothing more than a “farm package.” China has agreed to …
ETF Tracker Newsletter For October 11, 2019
ETF Tracker StatSheet You can view the latest version here. A WAVE OF TRADE OPTIMISM SPEADS ACROSS MARKETS [Chart courtesy of MarketWatch.com] Moving the markets A sea of green spread across global markets, as trade war gloom turned into euphoria on nothing but optimism that a “skinny, lite or mini” deal between the U.S. and China would be announced …
New Lipstick On The Trade Pig Lifts Markets
[Chart courtesy of MarketWatch.com] Moving the markets Well, it sure didn’t take much effort to keep the markets going, as Trump successfully dangled the trade carrot again via this tweet: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.” While this did not …