[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 continued to push towards its all-time high of 2,130.82 today, as the index closed at 2,119.12. Surprising as it may seem, energy has been the main driver for the S&P 500 this year. The Standard & Poor’s 500 index energy sector is up 14.8% to date, which makes it …
Front-running Yellen’s Yodeling
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Front-running Fed chief Yellen’s speech was the idea of the day on hopes that Friday’s bad jobs report would be great news for the markets. Forget the Dow today, it was all about the S&P 500 as it set a 2016 closing high in today’s trading, after Fed chair Janet Yellen hinted …
ETF/No Load Fund Tracker Newsletter For June 3, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06022016/ ———————————————————— Market Commentary STOCKS IN RED AFTER DISAPPOINTING JOBS FIGURE [Chart courtesy of MarketWatch.com] 1. Moving the Markets The “big” jobs report that analysts and investors alike were eyeing came in lower than expected, to say it politely; actually it was a total dud. 160,000 jobs were expected…and the survey says…38,000. The numbers …
Markets Gain Despite OPEC Turmoil
[Chart courtesy of MarketWatch.com] 1. Moving the Markets OPEC and oil were the largest market movers today. Imagine my surprise when news came in during mid-day trading that OPEC was not able to seal a deal on capping oil production. The failure to reach a decision underscores the increasingly conflicted interests within the organization. Two members in particular, Saudi Arabia …
Is June Gloom Looming?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks spent much of the day in the red as Wall Street reacted to sub-par economic data out of China. China’s official purchasing manager’s index for manufacturing was inline with forecasts at 50.1, but that is a dangerous place to be because any number below 50 indicates a contacting economy. The month of May …
May Marks 3rd Straight Positive Month
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Although markets did little to impress in the first day of trading after the holiday weekend, the gains from last week were enough to maintain a positive month overall for May. This marks the third straight month of gains for the S&P 500 for a grand total of +1.8%. Today, we heard …