[Chart courtesy of MarketWatch.com] Moving the markets Markets behaved today as if a world of worry had simply disappeared. Still on a positive high from Friday’s jobs reports, upward momentum led to another green session for the major indexes. The main driver was the tech sector, which posted its first record close since the middle of March. None of the …
ETF Tracker Newsletter For June 1, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-31-2018/ STILL STUCK IN ‘NO MAN’S LAND’ [Chart courtesy of MarketWatch.com] Moving the markets The above weekly chart demonstrates the 4-day roller coaster ride we just went through. While this clearly points to the ever present uncertainties, as perceived by the markets, the S&P 500 and the Nasdaq managed to close a tad higher, but the Dow …
The Roller Coaster Ride Continues
[Chart courtesy of MarketWatch.com] Moving the markets While worries about Italy’s politics faded for the moment, they were quickly replaced by news of a new Spanish PM, with a very critical view of the European Union, causing more uncertainties in the markets. However, taking top billing was the Trump administration’s confirmation imposing steel and aluminum tariffs on the EU, Mexico …
When Bad News Is Good News
[Chart courtesy of MarketWatch.com] Moving the markets The Italian bond panic subsided somewhat as their 2-year yield dropped sharply from yesterday’s 5-year high of 2.84% to as low as 1.925%, which reassured wobbly markets that life still goes on as it helped a rebound in equities. Here in the U.S. the old “bad news is good news” scenario emerged with …
Financial Chaos In Italy = Dumping Equity Markets
[Chart courtesy of MarketWatch.com] Moving the markets Italy’s political turmoil, along with its banking crisis, which I alluded to last Friday, continued over the weekend and into today pushing worldwide markets to the downside. The major indexes took a hit as well but recovered slightly late in the session, which some observers thought to be an appearance by the Plunge …
ETF Tracker Newsletter For May 25, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-24-2018/ CRUDE OIL TUMBLES AND MAJOR INDEXES SLIP [Chart courtesy of MarketWatch.com] Moving the markets Crude oil took a dive today (-4.5%) as reports that OPEC, along with other major players in this arena, may increase production by as much as $1 million barrels a day. The energy sector followed suit with XLE dropping -2.6% for the …