ETF Tracker StatSheet https://theetfbully.com/2019/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-09-2019/ ENDING THE WORST WEEK OF 2019 ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets Again, stocks opened to the downside and slid sharply lower during the early going with the Dow sinking some 300 points at its low. The culprit was the fact that the higher China tariffs went into effect today …
An Early Slump Followed By A Late Pump
[Chart courtesy of MarketWatch.com] Moving the markets Another jaw dropping opening had the Dow down some 400 points early in the day, as anxiety increased over the deepening trade dispute with China, which continued to squash any bullish sentiment not just here in the U.S. but globally as well. Wall Street traders tend to operate by the well-known adage “by …
Markets In Search Of Support—U.S.-China Trade Deal Collapses
[Chart courtesy of MarketWatch.com] Moving the markets It’s now official. The planned tariff increases from 10% to 25% on imported Chinese goods are scheduled to go into effect this Friday. According to Reuters, China has made “systematic edits” to a nearly 150-page draft trade agreement by deleting commitments made previously. That caused the White House to lose patience with the …
Equities Tank As The Trade Drama Continues
[Chart courtesy of MarketWatch.com] Moving the markets Volatility returned with a vengeance, as uncertainty about the U.S.-China trade talks ratcheted up a notch, despite Vice Premier Liu He’s intention to attend trade talks this week in Washington. However, that did nothing to soothe nervous traders on Wall Street, who concluded that no resolution would materialize by Friday, the day on …
Markets In Retreat Mode
[Chart courtesy of MarketWatch.com] Moving the markets After an early meandering around their respective unchanged lines, the major indexes took a sudden steep dive and quickly red numbers spread across traders’ computer screens. The scramble to find the culprit was on. Turns out that news by the India press that US-China trade negotiations had hit a brick wall, and thereby …
An Early Struggle Followed By A Late Rebound
[Chart courtesy of MarketWatch.com] Moving the markets A sudden mid-morning drop pulled the major indexes further south, after an already weak opening caused by Google’s poor report card, which showed that revenue growth cooled off in Q1 and all major sales categories performed worse than projected. The punishment was immediate with the stock price being down some 8%. Not helping …