[Chart courtesy of MarketWatch.com] Moving the Markets Last week’s record setting pace continued today as all three major indexes powered higher led by the S&P 500 with a gain of +0.60%. The fact that concerns remain about excessive valuation did not matter; in the end all of the S&P’s 11 sectors closed up with even defensive areas like real estate, …
ETF Tracker Newsletter For February 17, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18545&preview=true Extending The Winning Streak [Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes hovering in negative territory for most of the day, in this new normal market environment, they are not allowed to close two days in a row in the red. As a result, as if by magic, stocks were pushed up during …
Equities Mixed But Dow Squeezes Out A Gain
[Chart courtesy of MarketWatch.com] Moving the Markets Treading water below the unchanged line was the theme of the day as weakening upward momentum held the major indexes in check. Despite the usual afternoon ramp, only the Dow managed to eke out a gain to notch its sixth straight record high close. It was a mixed bag with declining energy stocks …
S&P 500 Registers A Seven-Session Winning Streak
[Chart courtesy of MarketWatch.com] Moving the Markets The bulls continued to have their way on Wall Street with today’s support coming from positive data confirming that the US economy is heating up and leaving the Fed behind in terms of controlling inflation via higher rates. The CPI number can only be described as “blistering” at a strong 2.3% print vs …
The Rally Continues: Low Interest Rates Are Good News And… High Interest Rates Are Good News
[Chart courtesy of MarketWatch.com] Moving the Markets All eyes were on the Fed today, or more specifically Janet Yellen’s testimony before the U.S. senate banking committee. Among much jawboning Yellen warned that “waiting too long to remove accommodation would be unwise,” along with this bon mot that “at our upcoming meetings, the committee will evaluate whether employment and inflation are …
Wall Street Bets On Trump
[Chart courtesy of MarketWatch.com] Moving the Markets Last week’s upward momentum showed no signs of letting up as the rally continued today with the major indexes adding over +0.5%. The conviction is that Trump’s promised tax cut will be a boon to the economy. While that may be true, the open question as to not only its feasibility, but also …