ETF Tracker StatSheet You can view the latest version here. STOCKS AND BANK RESERVES DIVERGE: A CROCODILE TRAP? [Chart courtesy of MarketWatch.com] Moving the markets The stock market was stuck in a rut today, as the Nasdaq and S&P 500 closed slightly lower after some ups and downs. The Nasdaq has been on a losing streak for two weeks …
Inflation Report Triggers Market Whiplash
[Chart courtesy of MarketWatch.com] Moving the markets The latest consumer price index (CPI) report showed that inflation in July was lower than expected on a yearly basis, but still higher than the Fed’s comfort zone. The report also indicated that real average weekly earnings did not change last month, which could be seen as a positive sign for consumers. However, …
Markets Fall As CPI Report Looms; NVDA Leads AI Bust
[Chart courtesy of MarketWatch.com] Moving the markets The markets were nervous as they awaited the CPI report for July, which will be released tomorrow, and the PPI report for the same month, which will come out on Friday. These reports will show how much prices have changed for consumers and producers, and they may influence the Fed’s decision on interest …
China, Italy And Moody’s Spoil The Market Mood
[Chart courtesy of MarketWatch.com] Moving the markets The market opened with a thud today, as investors dumped stocks amid a slew of bad news from around the world. China reported dismal trade data, showing a sharp drop in both imports and exports. Italy slapped its banks with a surprise tax hike, sparking fears of a new debt crisis. And Moody’s …
Market Bounces Back On Earnings Strength, But VIX Looms Large
[Chart courtesy of MarketWatch.com] Moving the markets The Dow led the way in a bullish day for the stock market, while the Nasdaq trailed behind but managed to end its 4-day losing streak. Tesla was one of the laggards, dropping 2% amid a tech sell-off. The rally was fueled by strong earnings reports, as 80% of the S&P 500 companies …
ETF Tracker Newsletter For August 4, 2023
ETF Tracker StatSheet You can view the latest version here. Tech Split, Wage Spike, Market Dip, Oil Rip: A Mixed Bag for the Economy [Chart courtesy of MarketWatch.com] Moving the markets Tech giants Amazon and Apple had a split decision in their earnings reports yesterday. Amazon delivered a knockout, while Apple got knocked out. The result? A combined loss …