ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06292017/ HOVERING ABOVE THE UNCHANGED LINE [Chart courtesy of MarketWatch.com] Moving the Markets The Dow and S&P 500 managed to hang on to slight gains despite a last hour sell-off, which pushed the Nasdaq back into the red for the day. While the major indexes posted had a solid quarter, the month of June was problematic …
Volatility Spike Kills Equities
[Chart courtesy of MarketWatch.com] Moving the Markets If you viewed Wednesday’s market ramp with the benefit of hindsight by looking at today’s losing session, it would appear that yesterday was a blow-off top; or so it seems. There was nothing positive surrounding equities, which ended up down for the day but, considering that the VIX at the lows had jumped …
Dollar Dumps As Nasdaq Jumps
[Chart courtesy of MarketWatch.com] Moving the Markets In a total reversal from yesterday, equities jumped right after the opening bell and never looked back in an attempt to recover Tuesday’s losses, a feat which was largely accomplished with the S&P posting its biggest one-day gain in a couple of months. Economic data points did not assist in today’s ramp as …
Nasdaq Gets Whipped And Bonds Get Clipped
[Chart courtesy of MarketWatch.com] Moving the Markets There simply weren’t any news reports positive enough to keep the major indexes above the unchanged line. First, it was the Fed and its mouthpieces pretty much talking down the markets. ZH summed it up as follows: Yellen – “We have been in an economy with low interest rates for some time, and …
ETF Tracker Newsletter For June 16, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06152017/ AMAZON SLAMS STOCKS BUT MAJOR INDEXES RECOVER [Chart courtesy of MarketWatch.com] Moving the Markets Several events kept the indexes in roller coaster mode. For one, it was quadruple options expiration day, which always tends to add volatility to an otherwise complacent market. That fact got shoved into the background as Amazon announced its acquisition of Whole …
Fed Does The Expected; Markets Disappointed
[Chart courtesy of MarketWatch.com] Moving the Markets In the face of poor economic news, the Fed did the expected by hiking interest rates 0.25% and set plans in motion to shrink its $4.5 trillion balance sheet reflecting the view that “an economic expansion now entering its ninth year no longer needs so much propping up.” They also appeared to stick …