ETF Tracker StatSheet You can view the latest version here. SLUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets An early 100-point gain on the Dow evaporated in a hurry and turned into a 150-point loss at one point, after a report that the White House had thrown down the gauntlet by contemplating delisting Chinese stocks from …
Headline Ping Pong
[Chart courtesy of MarketWatch.com] Moving the markets The markets were trading in the red for most of the session, as the latest trade headlines pushed equities further south and then gave traders hope that optimism is warranted. When things looked bleak at mid-day, Reuters managed to provide the algos with some ammo to drive the indexes out of the doldrums …
Stuck In A Rut
[Chart courtesy of MarketWatch.com] Moving the markets Early aimless meandering turned into a modest rally mid-day, but positive momentum faded in the end with the major indexes diving into the close with nothing to show for. It came as no surprise that defensive sectors, such as consumer staples, led for most of the day, as the ‘weaker growth’ meme was …
ETF Tracker Newsletter For September 20, 2019
ETF Tracker StatSheet You can view the latest version here. ENDING ON A WEAK NOTE [Chart courtesy of MarketWatch.com] Moving the markets An early upturn hit the skids after a report that a Chinese delegation had canceled plans to visit farms in Montana, as part of negotiations designed to sell more farming products. Helping the positive tone early on …
Slipping And Sliding Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s “feel good” closing ramp carried over into today’s opening, as the major indexes were getting close to test new record highs. Better-than-expected housing and manufacturing data contribute to the bullish sentiment. While the S&P 500 is within 1% of its record closing high, it may not get there until next week due …
Fed Delivers Rate Cut—Stocks Fall—But Jump Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed delivered the goods and cut rates by 0.25%; but stocks sold off. The reason was that the accompanying language in its statement and economic projections cast doubt not only on another rate cut this year but also in 2020. That was a disappointment for traders, who had firmly believed …