ETF Data updated through Thursday, May 11, 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 …
Disney And PacWest Trouble Markets
[Chart courtesy of MarketWatch.com] Moving the markets The race to getting nowhere fast continued, as Disney’s earnings showed that subscriber growth was anything but acceptable causing the stock to puke by losing over 8%. Then it was PacWest which confirmed that the banking troubles are far from being over by acknowledging in a regulatory filing that its deposits fell 9.5% …
CPI Tamer Than Expected, But…
[Chart courtesy of MarketWatch.com] Moving the markets Year-over-year, consumer prices increased by 4.9%, down a tad from the expected 5%, while the month-over-month inflation rate of 0.4% was also in line with projections. While traders interpreted that as good news, market reaction was mixed, with the major indexes advancing only moderately. When looking under the hood, however, we saw that …
Another Lukewarm Session
[Chart courtesy of MarketWatch.com] Moving the markets As I suspected yesterday, today’s session might not be much different, and that’s how it turned out. While inflation data, to be released tomorrow and Thursday, loom large, Treasury Secretary Yellen decided to increase the “fear meter” by announcing that failing to raise the debt ceiling would be an economic catastrophe, referring to …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Traders found no motivation to drive the market in either direction, as the release of key inflation data cast a broad shadow on activity. On deck first will be April’s Consumer Price Index (PPI) on Wednesday, which is followed by the Producer Price Index (PPI) on Thursday. Volatility was the name of the …
ETF Tracker Newsletter For May 5, 2023
ETF Tracker StatSheet You can view the latest version here. REBOUNDING ON THE LAST DAY OF THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets After four straight days of losses, stocks finally managed to find some bullish momentum, which pulled the major indexes out of a deep hole. They still ended the week with a loss, but Wall …