[Chart courtesy of MarketWatch.com] Moving the markets Today, it was economic data points that caused increased market volatility and sent the major indexes into a tailspin closing at the lows of the day. We started the session on a positive note, then bounced around the unchanged line for a while and finally accelerated to the downside with the S&P and …
Rate Hike Fears Take Front And Center; Markets Shift Into Reverse
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s calming speeches by 2 of the Fed’s mouthpieces (Bullard and Quarles) regarding inflation and interest rates are not only in the rear view mirror now but long forgotten as new Fed chair Powell took center stage and gave his first congressional testimony. He focused on the strengthening economy with the result that …
Equities Spike As Bond Yields Pull Back
[Chart courtesy of MarketWatch.com] Moving the markets After several failed rally attempts early last week, the bulls regained the upper hand with the major indexes advancing for the third day in a row. Fears, that the Fed might be on a rate hike binge, were alleviated when 2 of the Fed’s mouth pieces took front and center and calmed down …
ETF Tracker Newsletter For February 23, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/02/weekly-statsheet-etf-tracker-newsletter-updated-02-22-2018/ FINALLY—A RALLY WITH LEGS [Chart courtesy of MarketWatch.com] Moving the markets Finally, after the third attempt in as many days, the major indexes managed not only to hang on to an early rally but also to build on it by spiking late in the session and closing at the highs. This was enough to turn weekly …
Another Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat performance from yesterday, we watched an early rally lose steam and head back south below the unchanged line, when last minute buying pushed the Dow and Nasdaq higher to close in the green. However, the Nasdaq slid for the 4th day in a row. Ongoing concerns about rising inflation and …
Equities Dive As Bond Yields Spike
[Chart courtesy of MarketWatch.com] Moving the markets We started today’s session on a positive note when the major indexes suddenly ran into a brick wall, reversed course and headed south with a vengeance with the Dow giving up a 300 point gain and plunging 500 points. The day turned out tumultuous, after the minutes from the Fed were released, causing …