[Chart courtesy of MarketWatch.com] 1. Moving the Markets In the face of the worst productivity numbers in some 37 years, the markets did what they do best; rally! Although early enthusiasm gave way to a sell-off, the S&P 500 managed to climb back above the unchanged line by a fraction of a percentage after making new intra-day highs. But, investors …
Stocks Retreat In Directionless Trading
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks retreated a bit from last week’s record closes on the heels of an alleged strong jobs report. Equities, which had been stuck in a holding pattern after hitting fresh highs in late July, rallied Friday after the government reported that a better-than-expected 255,000 jobs were created in July. It was the second straight month …
ETF Tracker Newsletter For August 5, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08042016/ ———————————————————— Market Commentary ALGOS PLAY HEADLINE HOCKEY WITH JOBS NUMBERS [Chart courtesy of MarketWatch.com] 1. Moving the Markets On the surface, the jobs report was awesome as payrolls rose by 255,000 month over month compared to an expected 180,000 gain. June was revised upwards from 287,000 to 292,000 with the total upward revision for May …
Mixed And Choppy
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Swinging aimlessly above and below the unchanged line was the theme of the day for the major indexes despite oil shifting into high gear again by gaining 2.3%. There was obvious caution ahead of tomorrow’s Labor report but Treasuries were higher as jobless claims rose while factory orders dropped. Both, the US …
Indexes Make An About Face; Tesla Dissapoints
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks turned the boat around today, which entailed the Dow snapping a seven-session losing streak. The market had lost momentum over the past week, as shares have been weighed down by a fourth straight quarter of negative profit growth for the S&P 500, above-average valuations and a renewed dip in oil prices. …
Dow Slides Again; Oil Closes Below $40 A Barrel
[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read yesterday’s commentary, you may remember me discussing the possibility that U.S. Crude oil could fall below $40 a barrel. Well, today it happened, which is completely opposite of how analysts were expecting the black gold to perform this summer. Many had pegged $50 per barrel as a mark that …