[Chart courtesy of MarketWatch.com] 1. Moving the Markets Domestic stocks shifted into overdrive today rallying sharply and sending the Nasdaq and Russell 2000 to record highs, while all other major indexes scored nicely. Supporting today’s euphoria was the fact that the Fed did not only not produce any earthshaking news yesterday but also set a dovish tone in its announcement …
Fed Signals Gradual Tightening—Indexes Inch Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a choppy session as the indexes rallied at first, pulled back mid-day, rallied again and sold off into the close but managed to stay above the unchanged line. As expected, the Fed left interest rates unchanged while the commentary pretty much remained the same as in “we’ll watch economic data” …
Finding Upward Momentum
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, the major indexes found some some lost upward momentum and closed higher in the face of unsuccessful Greek talks and the widely anticipated outcome of a two-day Fed meeting the results of which will be published tomorrow. However, trading was cautious as volume remained very low. While the outcome of the …
Markets Sour To Kick Off Second Week Of June
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Global markets started the week on a softer note after talks on the Greece bailout broke down on Sunday. The Dow Jones industrial average dropped 108 points to end back in the red for 2015 as both domestic and global concerns weighed on investors. Chief concerns include the ongoing stalemate between Greece …
ETF/No Load Fund Tracker Newsletter For June 12, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06112015/ ———————————————————— Market Commentary POOR FINISH TO A MEDIOCRE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower Friday as investors digested a double dose of bad European news—the U.K. getting slapped with a “negative” outlook and Greece’s stalled bailout talks. Greece’s …
Equities Edge Higher On Positive Retail Sales
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P shot out of the gates early on and, while the index was not able to hang on to the gains, it managed to eke out 4 points for the day. All major indexes closed on the plus side. Providing momentum were improved retails sales (+1.2% in May), which supports the …