Pondering A Subpar Earnings Season And Future Fed Moves

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[Chart courtesy of MarketWatch.com] Moving the markets Traders were stuck in limbo today trying to assess future monetary policy, the current earnings season, which was subpar at best, and the profit outlook for the remainder of 2023. None of the above deliberations created much motivation by the bulls to drive this market higher, so the path of least resistance was …

Whipsawing Higher On “Transitory Disinflation”

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[Chart courtesy of MarketWatch.com] Moving the markets As the chart above shows, pumping, dumping, and pumping was the theme of the day, as traders tried to incorporate Powell’s “transitionary disinflation” in their vocabulary, while assessing if it would produce a bullish or bearish outcome. Judging by the ramp into the close, the current picture is positive for equities, but traders …

Higher Rates Unsettle Markets

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[Chart courtesy of MarketWatch.com] Moving the markets Bond yields jumped sharply with the 10-year adding some 24-basis points to end the session at 3.64%. The markets vacillated predominantly below the unchanged lines, but the major indexes managed to close off their intra-day lows. Still, rate hike expectations have exploded, as the hawkish theme remains to be the dominant one.   …

ETF Tracker Newsletter For February 3, 2023

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ETF Tracker StatSheet           You can view the latest version here. A WINNING WEEK ENDS ON A WHIMPER [Chart courtesy of MarketWatch.com] Moving the markets Traders were simply blown away by Friday’s jobs report, which allegedly added some 517k new jobs in January, which was quite the opposite of the expected 187k. The number was so out of line that …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/02/2023

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ETF Data updated through Thursday, February 2, 2023 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …

Fed’s “All Bark No Bite” Delights Markets

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[Chart courtesy of MarketWatch.com] Moving the markets The Fed offered no surprise and followed the expected theme of hiking rates by only 0.25% with more to come. A mid-day sell-off reversed with traders focusing on chairman Powell’s acknowledgement of falling inflation: We can now say for the first time that the disinflationary process has started. We can really see that, …