[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 …
Equities Dive And Thrive
[Chart courtesy of MarketWatch.com] Moving the markets The Major Indexes took a steep dive right after the opening bell caused by geopolitical concerns, as President Trump canceled the widely anticipated summit with N. Korea’s Kim Jong Un. The reason given was alleged “open hostility” from the country. Not helping matters was weakness in the energy sector (-1.7%) and in financials …
Early Slide Followed By A Late Ramp
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the major indexes were aimlessly meandering below their respective unchanged lines waiting for the release of the Fed minutes in anticipation of possible changes to interest rate policy. In a sense, that wait was rewarded as markets interpreted the FOMC minutes as “dovish” meaning that rate hikes may …