[Chart courtesy of MarketWatch.com] Moving the markets It took a while, but the Dow finally managed to take out its January high to close in record territory, while the S&P 500 scored its first record since August. The Nasdaq fared well today and moved to within 1.3% off its all-time high, made in August as well. Economic data took some …
Markets Diverge As Bond Massacre Continues
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s divergence continued with bond yields spiking once more while the markets rallied, although the advance was mixed at best. While the Dow sprinted ahead by over 200 points intraday, the S&P barely held on to the unchanged line, while the Nasdaq hovered below it but managed some damage control towards the end …
Refueling The Bullish Gas Tank
[Chart courtesy of MarketWatch.com] Moving the markets Just as quickly as trade war headlines pulled the markets off their lofty highs yesterday, negative sentiment reversed with the bulls refueling their gas tank and pushing the major indexes higher right after the opening bell. It appears that global investors are favoring the US markets due to continued optimism about the outlook …
Markets Sink As Tech Gets Wrecked
[Chart courtesy of MarketWatch.com] Moving the markets The tariff dispute with China intensified pulling the major indexes off their recent highs, as the tech sector got hammered with the Nasdaq dropping -1.43%, its worst day since late July. The sudden re-appearance of the US/China trade battles rattled Wall Street, although the unveiling of the $200 billion in tariffs on Chinese …
ETF Tracker Newsletter For September 14, 2018
TRADE WAR FEARS WIPE OUT EARLY GAINS [Chart courtesy of MarketWatch.com] Moving the markets An early rally ran into a brick wall, reversed with the major indexes heading south and below their respective unchanged lines. Causing this sudden change in sentiment was a report, released mid-day, indicating that Trump still intends to impose tariffs on China, despite recent words of …
Bulls Dominate For Fourth Straight Day
[Chart courtesy of MarketWatch.com] Moving the markets The bulls dominated again and pushed the major indexes higher with the S&P 500 scoring its fourth straight win. Yesterday’s laggard turned into today’s leader, as the tech sector picked up steam with the Nasdaq adding +0.75%, after spiking during the last few minutes of the session. Helping set the bullish tone were …