[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s solid gains, equities followed through with another session marked by bullish sentiment, as the major indexes piled on gains for the second straight day. The S&P 500 conquered its 50-day M/A to the upside and closed at a level last seen on March 19. The rally was broad with all 11 …
Markets Gain Broadly As Geopolitical Tensions Wane
[Chart courtesy of MarketWatch.com] Moving the markets By the time the opening bell rang this morning, the lobbing of a bunch of missiles into useless Syrian targets on Friday had been long forgotten with the focus now having shifted to the upcoming earnings season. Everything appeared to be positive for the market with the S&P 500 honing in on its …
ETF Tracker Newsletter For April 13, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/04/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-04-12-2018/ ENDING THE WEEK WITH A WHIMPER [Chart courtesy of MarketWatch.com] Moving the markets The major indexes came under pressure and surrendered early gains as initial reads on the upcoming earnings season disappointed. Expectations have been high about corporate performance maybe in part due to the fact that geopolitical anxieties have painted a distorted picture. While three …
Military Tensions Weaken—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets The tug-of-war continued today as talk, that a strike on Syria may not be immediately in the cards, de-escalated tensions and giving a bullish assist to equities. The 3 major indexes scored solid gains after yesterday’s losses. Six out of the eleven primary S&P sectors gained led by Financials (XLF +1.75%) with Semiconductors …
Geopolitical Tensions Push Markets Lower
[Chart courtesy of MarketWatch.com] Moving the markets At least for one day, the U.S./China trade war battles were moved to the back burner, as geopolitical tensions dominated headline news, after tweets from President Trump that a military strike in Syria might be a possibility. That immediately ratcheted up verbal tensions with Russia, and the markets ended up being the fall …
Soothing Trade-War Fears Propel Equities
[Chart courtesy of MarketWatch.com] Moving the markets Unlike yesterday, when an early rally petered out, today’s sharply higher opening turned out to be the real thing, as equities maintained their upward momentum throughout the session and into the close, thereby scoring some solid gains across the board. Giving the assist were Chinese President Xi Jinping’s suggestions to adopt a less-aggressive …