[Chart courtesy of MarketWatch.com] Moving the markets The major indexes set new closing records, unimpressed by the ongoing impeachment saga, the result of which has been simply brushed aside. Market concerns are virtually non-existent, since the Republican-controlled Senate will be the final judge with expectations being that they will vote against having Trump removed from office. In other words, from …
Taking An Intra-Day Stroll In Record Territory
[Chart courtesy of MarketWatch.com] Moving the markets The markets started this Wednesday by inching higher with traders looking to keep a 5-day winning streak alive. Supporting this optimism was the firm belief that the preliminary US-China trade agreement was a done deal, despite some nervousness as to when it would be signed. However, the lack of news to the contrary, …
Drifting Higher
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes opened to the upside, pulled back but managed to bounce around the remainder of the session and, in the end, eked out another green close, although a small one. The main supporting cast today included positive economic data with manufacturing rebounding and single-family building permits reaching a 12-year high. Job …
Continued Trade Optimism Stimulates Markets
[Chart courtesy of MarketWatch.com] Moving the markets The markets continued their bullish ways into a new week with the supporting actor being the upbeat mood caused by last week’s preliminary trade deal between the US and China. Despite of all the hysteria, many questions remain over the details of the much-hyped “phase one” accord. The Chinese were pleased, because it …
ETF Tracker Newsletter For December 13, 2019
ETF Tracker StatSheet You can view the latest version here. SEE-SAWING BUT EKING OUT SOME TINY GAINS [Chart courtesy of MarketWatch.com] Moving the markets An early spike hit a brick wall with the S&P 500 backing off its highs and fading below the unchanged line. That came as no surprise, as the US-China trade deal saga affected market direction …
Positive Trade News Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets It’s amazing what little it takes to send the computer algos on a bullish run and in the process pushing the major indexes into record territory. Trump’s announcement that “a big deal” with China is “getting very close” and “they want it, and so do we” were the magic words that ramped equities …