[Chart courtesy of MarketWatch.com] Moving the markets The major indexes hovered above the unchanged line for most of the session, but some volatility set in after the Fed’s (expected) announcement of a 25-bps increase in interest rates, while assuring the Wall Street crowd that the economy is not yet overheating. Yet, at the same time, Fed head Powell signaled that …
Treading Water Despite Surging Inflation
[Chart courtesy of MarketWatch.com] Moving the markets Not much mattered to the markets today, as the major indexes were stuck in a tight range with MSM seemingly ignoring or simply shrugging off the outcome of the historical meeting between Trump and Kim Jong Un. Undeterred by the flat session, bullish momentum remains in place, despite recent events to the contrary, …
Inching Up Ahead Of Summit
[Chart courtesy of MarketWatch.com] Moving the markets Market activity happened above the unchanged line today with the major indexes vacillating in bullish territory, where they closed, despite fading in the last few minutes. The reason for the late slip was nervousness about the highly anticipated summit between Trump and N. Korea’s Kim Jong Un scheduled for tomorrow. 8 of the …
ETF Tracker Newsletter For June 8, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/06/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-06-07-2018/ [Chart courtesy of MarketWatch.com] Moving the markets Despite a weak opening, the major indexes managed to gain some footing and climb above the unchanged line to close in the green. This performance was their strongest week in a quarter assisted by the biggest short squeeze in 4 months along with a low VIX. Since the start …
Tech Tumbles And Bond Yields Flash-Crash
[Chart courtesy of MarketWatch.com] Moving the markets After the 4-day winning streak, we saw a slight pullback in the major indexes, especially in the tech sector, with the Nasdaq giving back a modest -0.70%. However, the main action happened in the bond market. Following the recent rise in yields towards the psychologically important 3% level, for the 10-year bond, the …
Euphoria Rules Again
[Chart courtesy of MarketWatch.com] Moving the markets After an early morning pullback, the floodgates opened with buyers appearing in full force and pushing the major indexes higher with the Nasdaq closing at another record, while the Dow sported its best day in almost 2 months. Since there were no news to justify the run-up, the VIX was pushed down to …