ETF Tracker StatSheet https://theetfbully.com/2017/02/weekly-statsheet-etf-tracker-newsletter-updated-02092017/ Trump’s Tax Talk Boosts Markets [Chart courtesy of MarketWatch.com] Moving the Markets Yesterday’s theme of renewed optimism caused by Trump’s tax talk continued through today’s session with the major indexes rising to all-time closing highs, although the gains were less than the day before. The only fly in the ointment was that volumes have decreasing as …
One Promise Drives Major Indexes To Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The stagnated rally of the past few days, during which Wall Street was looking for more details about Trump’s agenda, was revived today when he stepped up to the plate and said that “he would make a major tax announcement in a few weeks.” He also added that “lowering the overall tax burden …
Eking Out A Small Gain
[Chart courtesy of MarketWatch.com] Moving the Markets Mixed earnings and slipping bank stocks put a damper on the major indexes, which started the session below the unchanged line. This would normally be the time in the quarter where earnings are front and center, but not this time; the rally has stagnated recently, as Wall Street prefers to look for more …
Hawkish Comment Equals Uncertainty
[Chart courtesy of MarketWatch.com] Moving the Markets An early euphoric bounce, which pushed the Dow and Nasdaq to new intra-day highs faded and then took a nose-dive below the unchanged line before recovering slightly into the close. The morning strength was caused by the US dollar rallying sharply as hawkish comments from one of the Fed’s mouthpieces indicated that “March …
Slipping And Dippping
[Chart courtesy of MarketWatch.com] Moving the Markets All of today’s activity happened below the unchanged line with the energy sector dropping (-0.9%) as oil prices slipped and gave back -1.37%. Of course, after Friday’s climb into record territory, a pause was in order with Wall Street awaiting the next run of earnings reports along with more clarity on Trump’s policies. …
ETF Tracker Newsletter For February 3, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/02/weekly-statsheet-etf-tracker-newsletter-updated-02022017/ When Bad News Is Good News [Chart courtesy of MarketWatch.com] Moving the Markets Equities started the day solidly above the unchanged line and went up from there breaking out of its narrow sideways pattern, but the gains for the week were slim with the S&P 500 adding only a meager 2 points. The widely anticipated non-farm …