[Chart courtesy of MarketWatch.com] Moving the markets The fallout from the Fed’s soft outlook on interest rates was, so far, overwhelmingly positive with the bulls grabbing the baton and storming deeper into bullish territory. While the idea that no rate hikes on the horizon for 2019 stoked equity investors, worries kept creeping up that this was just a function of …
Fed Outlook Temporarily Lifts Equities, But Gains Fade Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets After an early dump, the markets stabilized mid-session, after the Fed softened its rate outlook and opined positively on the state of the economy. Some analysts likened the Fed’s statement to “folding like a cheap lawn chair,” as it dramatically slashed its stance on interest rates. It seems, at least for the time …
An Early Rally Stumbles
[Chart courtesy of MarketWatch.com] Moving the markets An early rally lost steam mid-day when reports (Bloomberg) surfaced that trade negotiations ran into a brick wall, as the Chinese pushed back to get more assurances on tariffs. That story was then rebuffed, as the WSJ offered a different version: Talks between the two nations are in the final stages, said individuals …
Edging Higher Ahead Of The Fed
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s quad-witching hour turned into a positive for equities in general while today’s market action ahead of the Fed meeting on interest rates was inconsistent but upward trending. Most of the action happened at the opening, when a surge pushed stocks higher, which was followed by a lull throughout the session, before buyers …
ETF Tracker Newsletter For March 15, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-14-2019/ ENDING A GOOD WEEK ON A POSITIVE [Chart courtesy of MarketWatch.com] Moving the markets The quadruple witching hour came and went and ended up having a positive effect on equities, which more than made up for last week’s pullback. Along the way, traders ignored the unreliable news reports about the U.S.-China trade negotiations as well as …
Slipping And Sliding To Nowhere
[Chart courtesy of MarketWatch.com] Moving the markets Neither bulls nor bears were able to make much headway on a day reports of stalled progress in the ongoing U.S.-China trade talks added uncertainty. The struggle to extend the 3-day winning streak lasted all day, but in the end, we closed just about unchanged. The dialog with China was further impacted by …