[Chart courtesy of MarketWatch.com] Moving the markets Equities managed a nice bounce today powered higher by news that the Trump administration asked for a $1 trillion fiscal stimulus package to mitigate the fallout effects from the coronavirus. News that the Fed moved to support the commercial paper market via providing short-term funding needs, also gave an assist and elevated sentiment. …
Fed Unloads Its Biggest Bazooka Ever—Markets Crash—Dow Plunges 3,000 Points
[Chart courtesy of MarketWatch.com] Moving the markets When I was watching the futures markets last night, I already knew that today would not be a good one to be in the markets. Despite the Fed unloading its biggest emergency bazooka ever, by announcing $700 billion in QE and a full 1% reduction in interest rates to “zero,” markets immediately went …
ETF Tracker Newsletter For March 13, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING A BRUTAL WEAK WITH A RELIEF RALLY [Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed to keep a rebound rally going after yesterday’s collapse. As I posted, during bear markets, you can witness violent upswings, but they don’t mean the bearish trend is over. Today, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/12/2020
ETF Data updated through Thursday, March 12, 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 …
The Bull Dies Of Morbid Obesity—The Bear Roars—The Crash Fest Continues
[Chart courtesy of MarketWatch.com] Moving the markets In a few decades, historians will look back at the past 10 years and shake their heads in disbelieve at the insane Fed monetary policies that have kept markets artificially propped up, while “disallowing” any downside moves beyond a certain “acceptable” percentage. Though many erroneously attribute the current market disaster to the coronavirus, …
Plunging Deeper Into Bear Market Territory
[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s hope-based snap-back rally has now assumed the smell of a dead-cat bounce, with the major indexes getting hammered, as the Dow touched the commonly recognized bear market territory, which is a 20% drop from recent highs. A few headlines combined to eradicate any remaining bullish sentiment: Core …