[Chart courtesy of MarketWatch.com] Moving the markets While the Dow managed to conquer its new milestone marker of 27,000 with relative ease, and close above it, the S&P 500 struggled with its record 3,000 level. It managed to trade above it for a brief period but fell just short of defeating that hurdle by ending the day at 2,999.91. It …
Fed Pledges To ‘Do Whatever It Takes…’
[Chart courtesy of MarketWatch.com] Moving the markets The markets opened higher, pulled back but maintained its presence safely above the unchanged line. The S&P 500 succeeded in briefly crawling above its 3,000-milestone marker, retreated in a hurry but managed to close in the green, as did the other 2 major indexes. The Nasdaq fared the best by sporting a +0.75% …
Waiting For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets An early slide managed to gain some traction, followed by a small rebound that had the S&P 500 hugging its unchanged line throughout most of the session, before a last-minute pump pushed the index into the green by a tiny margin. The outlook for interest rate reductions later this month has become clouded, …
Questioning The Anticipated Rate Cut
[Chart courtesy of MarketWatch.com] Moving the markets All session long, the major indexes were stuck below their respective unchanged lines, as uncertainty about the much anticipated and expected rated cut by the Fed later this month kept equities in check. After all, we are only a few steps away from all-time highs, traders believe we are in a strong economic …
ETF Tracker Newsletter For July 5, 2019
ETF Tracker StatSheet You can view the latest version here. GOOD NEWS IS BAD NEWS AGAIN—BOND YIELDS EXPLODE; EQUITIES TUMBLE AND RECOVER [Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen many times in the past, good economic news turned out to be bad news for equities, which took a steep dive at the opening after a better …
Markets Meander, But Buyers Step In During The Last Hour—Again
[Chart courtesy of MarketWatch.com] Moving the markets Moving around their respective unchanged lines was the motto of the day, as fading optimism from the trade ceasefire kept bullish momentum in check. However, in a repeat performance of yesterday, sudden buying pressure during the last hour prevented the major indexes from closing in the red, despite the short-squeeze having run out …