[Chart courtesy of MarketWatch.com] Moving the markets Sentiment was predominantly bullish with the major indexes scoring another winning session supported by a couple of billion-dollar mergers. At the same time, optimism reigned supreme that a solution will be found to bring the trade-tug-of-war between the US and China to a mutually acceptable conclusion. As the WSJ reported Friday, negotiators are …
ETF Tracker Newsletter For August 17, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-16-2018/ TRADE TALK OPTIMISM CONTINUES [Chart courtesy of MarketWatch.com] Moving the markets While we were off to a slow start, market direction changed in a hurry on continued optimism over the upcoming trade talks with China pushing the major indexes in the green for the second straight day. The Nasdaq lagged while the Dow closed at its …
Hope Of Trade Talk Resumptions Powers Markets
[Chart courtesy of MarketWatch.com] Moving the markets It didn’t take much to get the markets going after yesterday’s drubbing and the see-saw action we’ve seen over the past week. Strong earnings from Walmart and Cisco set the tone early on, and reports of a resumption of US/China trade talks next week provided the ammo to push the major indexes up …
Turkey Turmoil Returns; A-Dead-Cat Bounce Dies
[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 …