[Chart courtesy of MarketWatch.com] Moving the markets The market’s divergence continues with the Dow struggling and notching its 7th straight losing day, which is its longest streak since early 2017. In contrast, the Nasdaq continued to blast higher, along with SmallCaps, seemingly not yet negatively affected by the worsening trade battle between the U.S. and China but instead receiving a …
Trade Tensions Rattle Markets
[Chart courtesy of MarketWatch.com] Moving the markets Last night’s elevated tit-for-tat trade battle between the U.S. and China finally was too much for equities to ignore causing a sharp drop right after the opening. Despite a slow crawl back towards the unchanged line, the damage was done, and the major indexes ended in the red with the Dow scoring not …
Trade War Turmoil Keeps Markets Flat
[Chart courtesy of MarketWatch.com] Moving the markets Today, it was trade tensions that kept the markets below the unchanged line, and the bears in charge, although a rebound limited the potential losses and pushed the Nasdaq back to the breakeven point. However, the Dow dropped for the 5th straight day. Emerging markets continued their downward slide, while foreign markets in …
ETF Tracker Newsletter For June 15, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/06/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-06-14-2018/ A WILD WEEK, BUT S&P 500 ENDS UNCHANGED [Chart courtesy of MarketWatch.com] It should come as no surprise that, based on the drubbing of the foreign currency markets, as I detailed yesterday, emerging market equities could not be far behind. That materialized today, as our emerging market ETF holding pierced its trailing sell stop and was …
Emerging Markets Dump While US Dollar Pumps
[Chart courtesy of MarketWatch.com] Moving the markets If you only watched the major indexes meandering around their respective unchanged lines and closing slightly in the green, except for the Dow, you missed out on the real action in some of the emerging markets. The headlines did not cover equities but the wild activity in the foreign exchange markets (FX). The …
Hawkish Fed Puts The Break On Market Advances
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes hovered above the unchanged line for most of the session, but some volatility set in after the Fed’s (expected) announcement of a 25-bps increase in interest rates, while assuring the Wall Street crowd that the economy is not yet overheating. Yet, at the same time, Fed head Powell signaled that …