[Chart courtesy of MarketWatch.com] Moving the markets Oil prices soared to their highest level in seven years, making everyone wonder if they should invest in electric cars or bicycles. The rising cost of energy spooked the stock market, which fell for the second day in a row. The major indexes dipped below their 50-day moving averages, a sign of weakness …
Tesla And Tech Stocks Soar; Inflation Data Awaits; VIX Set To Spike
[Chart courtesy of MarketWatch.com] Moving the markets The stock market kicked off the week with a bang, as tech stocks bounced back from their recent slump. Tesla was the star of the show, soaring more than 9% after Morgan Stanley gave it a thumbs up and predicted a big rally ahead, thanks to its self-driving software. Maybe Elon Musk can …
ETF Tracker Newsletter For September 8, 2023
ETF Tracker StatSheet You can view the latest version here. WALL STREET ENDS LOSING WEEK AS FED FEARS LOOM LARGE [Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a rough week, despite a slight uptick on Friday. Investors were worried that the Fed might hike rates sooner and faster than expected, erasing most of the early gains …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/07/2023
ETF Data updated through Thursday, September 7, 2023 How to use this StatSheet: Out of the 1,800+ ETFs out there, I only pick the ones that trade over $5 million per day (HV ETFs), so you don’t get stuck with a lemon that nobody wants to buy or sell. Trend Tracking Indexes (TTIs) These are the main indicators that tell …
Fed Fears And China Ban Spook Wall Street
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was worried on Thursday as the Fed might raise interest rates again this year. Apple and other tech stocks suffered as China banned iPhones in state firms. Jobless claims were lower than expected, and labor costs were higher, signaling a strong labor market. This, along with rising energy prices, could pressure …
Stocks Slump As Oil Prices Spoil Dovish Dreams
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a bad day on Wednesday, as tech and consumer stocks dragged the market down. Nvidia, Apple and Tesla were among the worst performers, losing about 3% each. The “Magnificent 7” stocks were not so magnificent after all. Oil prices soared to their highest level since November, as Saudi Arabia and …