[Chart courtesy of MarketWatch.com] Moving the markets The Fed stepped up to the plate and delivered the 3rd 25 basis point interest rate hike this year, which was widely expected but hope for ‘accommodation’ still powered an early rally that ran out of steam once reality hit the markets. The major indexes reversed course, headed south and closed marginally in …
Aimless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets The markets diverged a little bit as the Dow and S&P 500 ended up in the red, while the Nasdaq bucked the trend and closed in the green. However, aimless meandering best describes today’s session with anxiety rising ahead of the Fed’s decision on interest rates tomorrow. Ignoring the continued trade tensions between …
US/China Trade Wars Back In Focus
[Chart courtesy of MarketWatch.com] Moving the markets If you followed the news over the weekend, you would have gotten a pretty good indication as to today’s market direction. Trade war talk made the headlines Saturday morning as Trump’s fresh round of tariffs caused a reaction from the Chinese, as they now refused to send two delegations to Washington while elaborating …
ETF Tracker Newsletter For September 21, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09-20-2018/ SLIDING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets A follow through rally ran into resistance today and slowly but surely petered out with S&P 500 and Nasdaq sliding into the red for the session, while the Dow managed to hang on to a modest gain, which was enough to set another record high. …
Records Are Made To Be Broken
[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 …