[Chart courtesy of MarketWatch.com] 1. Moving the markets Trump got the markets pumping this morning after tweeting that there will be an “extended meeting” with China’s Xi at the upcoming G-20 meeting in Japan. Bloomberg also added that the two leaders had confirmed a plan for meeting on the sidelines. That was enough hype for the headline-scanning computer algos to …
Equities Rebound Led By Energy
[Chart courtesy of MarketWatch.com] 1. Moving the markets Equities managed a small rebound, after 2 days of modest losses kept the major indexes in check. Oil prices spiked as two oil tankers were damaged in suspected attacks off the coast of Iran, increasing tensions between Teheran and Washington. Of course, by default, no matter if it makes sense or not, …
An Early Rally Stalls And Runs Out Of Steam
[Chart courtesy of MarketWatch.com] 1. Moving the markets Despite another positive start to the session, equities struggled, lost traction and slid into the red, with the major indexes hugging their respective unchanged lines and closing a tad below it. Powering the markets early on were reports from China announcing plans for fresh stimulus to keep their economy running. Hope among …
ETF Tracker Newsletter For June 7, 2019
ETF Tracker StatSheet You can view the latest version here. BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets Never mind poor economic news such as a huge payroll miss, as only 75k new jobs were created during the month of May. That was against a consensus of 175k, so you would be thinking clearly had …
Keeping The Bullish Dream Alive
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early struggle for direction, bullish momentum picked up with the major indexes notching another day of gains making this the third winning session in a row. The trade battles with China and Mexico continued unabated but mixed news was put simply on the back burner. Traders decided to put their focus …
Tech Sector Gets Rattled
[Chart courtesy of MarketWatch.com] Moving the markets Tech stocks took a tumble and dragged the overall market down with some damage control setting in during the last 30 minutes of the session. Global tariff fears, along with reports that the Trump administration has launched a multi-pronged anti-trust battle against big tech due to possible anti-trust violations, created enough uncertainty to …