[Chart courtesy of MarketWatch.com] Moving the Markets Caterpillar and McDonalds combined to continue yesterday’s rally with Trump’s planned tax cut announcement, scheduled for tomorrow, providing the emotional fire power. The Nasdaq managed to conquer the 6,000 level and closed solidly above it in part due to gains by heavyweights Apple and Microsoft. So far, overall profits of S&P companies are …
Relief And Hope Combine To Power Equities
[Chart courtesy of MarketWatch.com] Moving the Markets The 1st round of the French election results provided relief and hope that the current leading candidate of left wing persuasion (Emmanuel Macron) will be the one winning the final election in a couple of weeks by defeating the right-wing anti-euro and anti-establishment Marine Le Pen in a run-off. While Macron’s lead is …
ETF Tracker Newsletter For April 21, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/04/weekly-statsheet-etf-tracker-newsletter-updated-04202017/ EQUITIES UP FOR THE WEEK BUT SLIPPING BEFORE THE FRENCH ELECTIONS [Chart courtesy of MarketWatch.com] Moving the Markets Cautiousness prevailed prior to the closely contested 1st round of the French elections this weekend with equities pulling back but showing green numbers for the week as the S&P 500 gained +0.86%. ZH summed the past 5 trading …
Equities On A One-Way Street
[Chart courtesy of MarketWatch.com] Moving the Markets After a higher opening, the markets remained steadfast and unwavering in making this session a positive one after the past few of days of floundering. Despite this effort, the S&P 500 still remains a few points lower than it started the month. Solid earnings by American Express stabilized the financial sector for the …
A Dying Dead-Cat-Bounce
[Chart courtesy of MarketWatch.com] Moving the Markets An encouraging morning rally ran out of steam mid-day with the major indexes heading south and closing below their unchanged lines. The exception was the Nasdaq, which managed to cling to a gain of +0.23%. No macro data points were released today, but the weakness in the banking sector, which I addressed yesterday, …
US Dollar And Bond Yields Slammed
[Chart courtesy of MarketWatch.com] Moving the Markets Just yesterday, I talked about how bond yields have been slipping and sliding despite the Fed’s efforts of hiking rates in December and March. The 10-year yield has dropped from 2.62% to 2.26% over the past 4 weeks. That trend accelerated today as that yield got slammed even more ending up at 2.18% …