[Chart courtesy of MarketWatch.com] Stocks were snoozing early on, as traders took a nap after a wild rally on Wall Street to kick off November, but a sudden burst of energy pushed the major indexes back into the green. Tech stocks rose as yields retreated, with the yield on the 10-year Treasury note dropping about 7.5 basis points to 4.575%. …
Wall Street’s Rally Stalls As Fed Chair Powell Looms Large
[Chart courtesy of MarketWatch.com] The S&P 500 wandered around like a lost sheep on Monday, as Wall Street tried to keep up the good vibes from last week’s stellar performance. In the end, after a tiny surge, nothing much changed. Just to refresh your memory, all the major indexes had their best week of the year, starting November with a …
ETF Tracker Newsletter For November 3, 2023
ETF Tracker StatSheet You can view the latest version here. JOBS REPORT FLOP, BOND YIELD DROP, STOCK MARKET POP: IS THIS A NEW BULL MARKET? [Chart courtesy of MarketWatch.com] The stock market had a blast last week, despite a dismal jobs report that sent bond yields and the dollar plunging. Investors cheered the alleged end of the Fed’s rate …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/02/2023
ETF Data updated through Thursday, November 2, 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. …
Stock Market Bulls Ignore Fed’s Warning And Keep Charging Ahead
[Chart courtesy of MarketWatch.com] The stock market bulls were in full force today, as they shrugged off the Fed’s hawkish hints and drove the indexes higher for the fourth day in a row. They were betting that the central bank had finished raising interest rates for 2023, after seeing some signs of easing inflation in the latest data. The rally …
Fed Stays Put, Market Cheers: But How Long Can Stocks Ignore Reality?
[Chart courtesy of MarketWatch.com] Stocks rallied on Wednesday, bouncing back from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time. This led traders and algorithms to believe that the central bank would stay put for the rest of the year. The Treasury detailed plans of the size of its future bond …