[Chart courtesy of MarketWatch.com] Moving the markets The futures markets jumped out of the gate, as Trump presented an upbeat outlook during Sunday evening’s press conference with officials in New York and Italy reporting notable declines in new cases and deaths: “We are beginning to see the glimmers of progress,” Pence said at a White House news conference on Sunday. …
ETF Tracker Newsletter For April 3, 2020
ETF Tracker StatSheet You can view the latest version here. A GLOOMY JOBS REPORT PENALIZES EQUITIES [Chart courtesy of MarketWatch.com] Moving the markets It could have been a lot worse with equities churning lower today, but thanks to Monday’s surge, the weekly effect was relatively minor with the S&P 500 “only” surrendering a modest -2%, which is tiny when …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/02/2020
ETF Data updated through Thursday, April 2, 2020 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 …
Record Initial Jobless Claims—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets crashed into the red last night, despite a strong start to the session. The cause was another unprecedented surge in initial jobless claims, after last week’s record 3.3 million rise, but this week, we added 6.648 million for a two-week grand total of 10 million new people claiming unemployment benefits, …
No Bullish Meat On This Bone
[Chart courtesy of MarketWatch.com] Moving the markets As the worst quarter in history came to an end with a sell-off, the 2nd quarter started with a bang—but to the downside, leaving the always optimistic Wall Street players gasping. As Barron’s commented, today was the worst first day of a quarter—ever. That’s a lot of “worsts,” and they erased some 50% …
Ending A Miserable Quarter With A Sell-Off
[Chart courtesy of MarketWatch.com] Moving the markets An early rebound hit a brick wall, as this month/quarter turned out to be nothing but misery for the buy-and-hold crowd. To wit, during March, the major indexes lost big time with the S&P 500 plunging -12.5% vs. 0% for those who followed my trend tracking guidelines, which called for “all cash” effective …