[Chart courtesy of MarketWatch.com] Moving the markets After last week’s drubbing, and an early morning pullback, the major indexes managed a broad-based bounce back with Wall Street traders looking past the trade war rhetoric by focusing on economic data and hope that the sell-off was overdone. Even political uncertainty in Italian elections, where a populist anti-euro party made a better-than-expected …
ETF Tracker Newsletter For March 2, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/03/weekly-statsheet-etf-tracker-newsletter-updated-03-01-2018/ SQUEEZING THE SHORTS SAVES THE DAY [Chart courtesy of MarketWatch.com] Moving the markets The session started out with another downside hit, but ended with a slow but steady crawl higher and above the unchanged line with only the Dow lagging to register its 4th day in a row closing in the red. The culprit, accounting for …
Trifecta Of Events Sends Markets Into Tailspin
[Chart courtesy of MarketWatch.com] Moving the markets For the third day in a row, the major indexes got spanked again notching their worst decline in some three weeks as a trifecta of events combined to give the bears the upper hand. First, there was Fed chair Powell, who has left the markets guessing how he feels about inflationary pressures by …
Stocks Have That Sinking Feeling…Worst Month In Two Years
[Chart courtesy of MarketWatch.com] Moving the markets Today, it was economic data points that caused increased market volatility and sent the major indexes into a tailspin closing at the lows of the day. We started the session on a positive note, then bounced around the unchanged line for a while and finally accelerated to the downside with the S&P and …
Rate Hike Fears Take Front And Center; Markets Shift Into Reverse
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s calming speeches by 2 of the Fed’s mouthpieces (Bullard and Quarles) regarding inflation and interest rates are not only in the rear view mirror now but long forgotten as new Fed chair Powell took center stage and gave his first congressional testimony. He focused on the strengthening economy with the result that …
Equities Spike As Bond Yields Pull Back
[Chart courtesy of MarketWatch.com] Moving the markets After several failed rally attempts early last week, the bulls regained the upper hand with the major indexes advancing for the third day in a row. Fears, that the Fed might be on a rate hike binge, were alleviated when 2 of the Fed’s mouth pieces took front and center and calmed down …