[Chart courtesy of MarketWatch.com] Moving the markets I felt that yesterday’s rebound had the smell of a dead-cat-bounce and, based on today’s carnage, that seems to have been accurate—at least for the time being. Despite assurances to the opposite, the “C” word, as in contagion, was suddenly on investors’ minds, as concerns about Turkey’s currency crisis and US/China trade tensions …
Turmoil in Turkey Troubles Markets
[Chart courtesy of MarketWatch.com] Moving the markets Despite the US not having much direct financial exposure in Turley, its ongoing troubles did stop investors in their tracks. That simply means risk assets, such as equities, fell out of favor today, and the major indexes headed south wiping out some early gains and ending in the red. After all, no direct …
ETF Tracker Newsletter For August 10, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-09-2018/ TURKEY RATTLES THE EQUITY CAGE [Chart courtesy of MarketWatch.com] Moving the markets As I mentioned yesterday, “domestic equity markets have note priced in any long-term consequences of a prolonged trade war with China, reeling emerging markets and European banking problems.” This came true today at least regarding one emerging market, namely Turkey, which has been dealing …
See-Sawing Through The Session
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat from yesterday, the Nasdaq managed to eke out another win, although only by the tiniest of margins, which was enough to log in its 8th straight gain, its best streak since October. The broader market see-sawed all day and ended up diving into the close registering small losses. Looking at …
Nasdaq Bucks The Trend
[Chart courtesy of MarketWatch.com] Moving the markets It was more-or-less a consolidation day with 2 of the 3 major indexes scoring fractional losses, while the Nasdaq managed to buck the trend to nowhere by closing in the green and thereby attaining its longest win streak (7 days) in about 5 months. However, more trade disputes between the US and China, …
A Sea Of Green In Equities
[Chart courtesy of MarketWatch.com] Moving the markets At least for today, earnings were enough of a positive to beat anxiety over trade war fears with the major indexes continuing their bullish run, reinforced by the S&P companies showing earnings growth of 24% and sales gains of 9.8%. As MarketWatch put it: “Strong earnings have helped bolster the belief that steady …