[Chart courtesy of MarketWatch.com] The Fed dashed the hopes of traders who were looking for some hints of interest rate cuts in the latest meeting minutes. Instead, the central bank said it would keep its policy “restrictive” to tame inflation, which could rise further. The Fed kept the interest rate unchanged at 5.25% to 5.5% in its meeting on Oct. …
ETF Tracker Newsletter For November 17, 2023
ETF Tracker StatSheet You can view the latest version here. THE NASDAQ’S EERIE RESEMBLANCE TO 1999: A WARNING SIGN OR A COINCIDENCE? [Chart courtesy of MarketWatch.com] The stock market gained modestly on Friday, capping off another week of gains in a sizzling November rally. This was the third consecutive week of positive returns for all three indexes. What fueled …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/16/2023
ETF Data updated through Thursday, November 16, 2023 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
Market Summary: Stocks Flat, Bonds Yields Down, Gold Up
[Chart courtesy of MarketWatch.com] The stock market seemed to take a break from its recent rally today, as the major indexes barely moved from their opening levels. The S&P 500 and Nasdaq managed to squeeze out some gains, but the Dow closed slightly lower. Tech stocks were hit hard by disappointing earnings and guidance from Cisco Systems and Palo Alto …
PPI Falls, Retail Sales Stall, And The Market Hits A Wall
[Chart courtesy of MarketWatch.com] The market had a good start today, thanks to some chill inflation numbers. But then it ran out of gas. Literally. Gas prices dropped like a rock, dragging down the producer price index (PPI) by half a percent. That’s the biggest fall since the pandemic started. But if you take out food and energy, the PPI …
Stocks Surge On Tame Inflation Report, But Is It Too Good To Be True?
[Chart courtesy of MarketWatch.com] Stocks soared on Tuesday, continuing their impressive November rally, as investors celebrated a mild inflation report that suggested the Fed might be done raising interest rates. Tuesday’s gains added to the remarkable recovery this month for stocks. The S&P 500 is up 7.3%, erasing the losses since our “Sell” signal on 9/22/2023. See section 3 below …