ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10132016/ ———————————————————— Market Commentary [Chart courtesy of MarketWatch.com] 1. Moving the Markets The day started on a positive with the major indexes bouncing higher by some 0.75% supported by stronger than expected results in the financial arena. However, economic data points were negative across the board ranging from rising producer prices (the most since 2014), retail …
Clawing Back
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities continued their downward trend following weak Chinese data but a turnaround in oil prices pulled the major indexes back up and limited the decline to -0.31% for the S&P 500. The negative catalyst was Chinese exports falling 10% in September, which was far worse than expected while imports also shrank unexpectedly. …
Fed Minutes Are A Non-Event
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite great anticipation, the Fed minutes turned out to be a dud, as the usual jawboning concluded with “policy makers judged a rate hike could be warranted ‘relatively soon,’ if the economy continues to strengthen.” Of course, I did not expect any changes prior to the election since the Fed is in …
Upward Momentum Disappears: Stocks AND Bonds Tank
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Disappointing corporate reports put the major indexes into negative territory right out of the gate and things went south from there. Those living by the old “chiseled-in-stone” rule that bonds will rally if stocks sell off have to do some rethinking if that meme really still holds true when considering the amount …
Energy Sector Pulls Up Wall Street
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes headed higher as energy shares and oil prices proved to be the catalyst to drive the markets. Helping the advance were polls allegedly showing that Hillary Clinton’s lead over Trump widened, at least that’s what MSM was heavily promoting. Clinton’s views are well known and considered to be positive …
ETF Tracker Newsletter For October 7, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10062016/ ———————————————————— Market Commentary SUBDUED JOBS REPORT IS A NON-EVENT [Chart courtesy of MarketWatch.com] 1. Moving the Markets Reaction to the September jobs report was subdued at best as the print came in at a gain of 156k, which was weaker than expected. The theme was the same as in previous months in that part-time jobs …