[Chart courtesy of MarketWatch.com] Moving the markets Last week’s moderate loss in the major indexes represented the S&P 500’s first two-week losing streak since February, with the overwhelming uncertainty being created by the ongoing debt ceiling negotiations. We’re stuck in no man’s land waiting for decisions to be made, so markets can gain some traction and stop treading water. In …
ETF Tracker Newsletter For May 12, 2023
ETF Tracker StatSheet You can view the latest version here. STRUGGLING FOR GUIDANCE [Chart courtesy of MarketWatch.com] Moving the markets Traders were still trying to digest the double punch in the form of the struggling economy and the ongoing uncertainties in the banking sector. Neither provided any motivation to hold on to equities, so south we went. However, as …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/11/2023
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 …