[Chart courtesy of MarketWatch.com] 1. Moving the Markets Heading into Thursday’s trading session, all three major U.S. stock indexes were less than 1% below their record closing highs. Equities dipped slightly lower today though ahead of another much anticipated speech due from Janet Yellen tomorrow in Jackson Hole, WY. Many believe that Yellen wants to avoid market turbulence, so a surprise …
Major Indexes Pressured By Economic News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Time flies by, as we all know. It was almost a year ago that stocks plunged amid worries regarding falling oil prices and the uncertainty about China’s economic growth. Well, a year has passed and not much has changed. The price of oil remains under $50 per barrel and China’s growth continues …
NASDAQ Ekes Out A New High
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks rose Tuesday and moved back into record territory as the Nasdaq set a new all-time high by gaining a meager +0.30%. The rebound comes as quiet summer trading drags on and investors look ahead to a key speech from Federal Reserve chair Janet Yellen on Friday. Investors are largely in wait-and-see mode ahead of …
Mediocre Monday Meddling
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Q2 earnings season has all but wrapped up, now that retailer Walmart (WMT) has reported its results. The theme remains that investors are somewhat pleased the dip in profit growth by companies in the S&P 500 was less than expected. Companies within the index reported 2.1% lower adjusted profit per share, which …
ETF Tracker Newsletter For August 19, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08182016/ ———————————————————— Market Commentary MARKETS SLIPPING WHILE OIL IS GUSHING HIGHER [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. markets closed lower today to finish the week as traders appeared slightly anxious about the possibility of an earlier-than-expected Federal Reserve interest-rate hike. It seems that comments from senior Fed officials in recent days suggest a …
US Oil Throws An Assist
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a roller coaster kind of day with the markets dropping out of the gate, regaining upside momentum, falling again below the unchanged line before staging a mid-day comeback, which accelerated into the close. Wall Street is still digesting the possibility of a rate hike in September. It’s the same old …