[Chart courtesy of MarketWatch.com] Coming off a winning week, the major indexes initially slipped but managed to regain their footing, closing in the green once again. The markets went through a significant downturn in early August due to the Japanese yen debacle and disappointing jobs data, which heightened traders’ concerns that the Federal Reserve was lagging in easing its interest …
ETF Tracker Newsletter For August 16, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD SURGES TO RECORD HIGH AS DOLLAR HITS 5-MONTH LOWS [Chart courtesy of MarketWatch.com] The major indexes entered a consolidation phase following this week’s recovery rally, which erased the losses sustained in early August. The S&P 500 has now broken even. A midday comeback propelled US equities to their …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/15/2024
ETF Data updated through Thursday, August 15, 2024 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. …
Retail Sales Boost Equities, But Economic Concerns Persist
[Chart courtesy of MarketWatch.com] The major indexes surged right after the opening bell, driven by growing trader confidence that a recession could be avoided due to better-than-expected retail sales. The July retail numbers reportedly increased by 1%, significantly surpassing the forecast of 0.3%, while volatile jobless claims fell for the week. However, revisions are likely on the horizon, as ZH …
Confusing Session: Mixed Results Across Markets
[Chart courtesy of MarketWatch.com] Equities scored moderate gains, led by the Dow, as the much-anticipated Consumer Price Index (CPI) fell below the 3% mark, coming in at 2.9%, its lowest reading since 2021. Month-over-month prices increased by 0.2%, aligning with expectations, as did core inflation, which excludes food and energy. This follows a better-than-expected Producer Price Index (PPI) report, which …
Major Indexes Climb As PPI Rises Modestly, Traders Eye CPI And Nvidia Earnings
[Chart courtesy of MarketWatch.com] The major indexes experienced an upward climb as the Producer Price Index (PPI) increased by only 0.1% last month, compared to the anticipated 0.2% rise for July, which would have matched the previous month’s increase. This modest rise in PPI provided hope for those advocating for a dovish shift in Federal Reserve policy. However, it also …