[Chart courtesy of MarketWatch.com] Moving the markets The tech sector finally got some relief, as the Nasdaq snapped a five-day losing streak and outperformed the other major indices. The S&P 500 also ended in the green, but the Dow barely budged. The star of the show was Nvidia, which soared 8% ahead of its earnings report on Wednesday. The chipmaker …
ETF Tracker Newsletter For August 18, 2023
ETF Tracker StatSheet You can view the latest version here. THE FED VS NVIDIA: WHO WILL WIN THE MARKET BATTLE? [Chart courtesy of MarketWatch.com] Moving the markets It was a boring day on Wall Street, as the major indexes barely moved from their opening levels. They started the day in the red, but slowly crawled out of their holes …
Market In Turmoil: Stocks And Bonds Fall Together As Traders Lose Hope In Fed
[Chart courtesy of MarketWatch.com] Moving the markets The Fed’s July meeting minutes have caused quite a stir in the market today. Traders are struggling to swallow the bitter pill of rising rates, along with a mixed bag of earnings and economic data. The 10-year bond yield jumped to its highest level since last October, and rates across the board (including …
Fed Minutes Crush Traders’ Hopes Of Rate Pause
[Chart courtesy of MarketWatch.com] Moving the markets The Fed’s July meeting summary was a wake-up call for those traders who were dreaming of a pause in the rate hikes. The summary was as blunt as a hammer: Inflation is way too high, the labor market is too tight, and we see more risks of inflation going up, so we might …
Why Good News Is Bad News For The Markets
[Chart courtesy of MarketWatch.com] Moving the markets The markets were caught off guard by a double whammy of bad news, and they took a dive. On one hand, bond yields rose again, signaling higher borrowing costs and inflation fears. On the other hand, China’s economy showed signs of slowing down and struggling with debt. Meanwhile, the US economy seemed to be …
Markets Await Clarity From Retail Reports Amid Choppy August Trading
[Chart courtesy of MarketWatch.com] Moving the markets The U.S. consumer is in the spotlight this week, as three retail giants – Home Depot, Target, and Walmart – are set to report their earnings. We’ll also get a glimpse of how shoppers spent their money in July, with the retail sales data coming out on Tuesday morning. These reports come on …