ETF Tracker StatSheet You can view the latest version here. GOLD AND SILVER REACH NEW HIGHS AMID INFLATION CONCERNS, BITCOIN NEARS $70K [Chart courtesy of MarketWatch.com] The Nasdaq surged ahead, driven in part by an impressive 8% jump in Netflix shares. The streaming giant not only exceeded earnings expectations but also reported a remarkable 35% increase in ad-tier memberships. …
Bond Yields Climb As Dollar Strengthens; Gold Hits Record High
[Chart courtesy of MarketWatch.com] Semiconductor stocks were the driving force behind the major indexes’ early rise, with Nvidia reaching a new all-time high. Taiwan Semiconductors contributed to the positive sentiment by not only reporting strong quarterly results but also raising its revenue forecasts. Other semiconductor companies, such as TSMC and AMD, also saw significant gains, erasing the previous day’s losses. …
Gold Hits Record High As Dollar Strengthens And Bond Yields Dip
[Chart courtesy of MarketWatch.com] This morning, the market showed choppy behavior, as traders attempted to adopt bullish sentiment following yesterday’s pullback, which saw major indexes relinquish their record highs. I expected the atmosphere of uncertainty to persist, driven by the ongoing earnings season and the upcoming presidential elections, both contributing to a “nervous” environment. This week’s earnings reports have been …
Nasdaq Leads Decline As MAG7 Basket Suffers Collateral Damage
[Chart courtesy of MarketWatch.com] The major indexes retreated from their highs as traders digested the latest earnings reports and observed the 10-year bond yield slipping back towards 4% from yesterday’s surge to 4.10%. So far, 40 of the S&P 500 companies have reported their latest results, with 80% surpassing analysts’ expectations. Despite some traders acknowledging that the S&P 500 might …
Tech Stocks Lead Market Rally; Bitcoin Surges Past $66k
[Chart courtesy of MarketWatch.com] Following Friday’s significant gains, the S&P 500 opened with a surge and reached another record high, driven by anticipation of positive earnings reports, despite the bond market being closed for Columbus Day. Rumors from China about a new stimulus plan (quantitative easing) laid the groundwork for today’s market action, propelling both equities and cryptocurrencies significantly higher. …
ETF Tracker Newsletter For October 11, 2024
ETF Tracker StatSheet You can view the latest version here. INFLATION FEARS PERSIST AS STAGFLATION LOOMS, YET MARKETS CLIMB HIGHER [Chart courtesy of MarketWatch.com] After undergoing a dip on Thursday, the major indexes regained upward momentum, with the S&P 500 not only achieving a fifth consecutive winning week but also setting a record. However, the Nasdaq lagged, partly due …