[Chart courtesy of MarketWatch.com] Moving the Markets The recent trend of warnings from various Fed mouthpieces continued today with Lael Brainard commenting that “asset valuations do look a bit stretched,” another hint designed to take the starch out of upward momentum and to instill the thought that current market levels may not be sustainable. It was a nice try, but …
Fed’s Yellen Flip Flops And Spikes Equities
[Chart courtesy of MarketWatch.com] Moving the Markets This one came out of left field. Fed chair Yellen’s testimony before congress was interpreted as “dovish” an odd statement given the recent jawboning about “asset prices looking rich.” After weeks of talking about higher rates and reducing its balance sheet, did the Fed just flip flop and acknowledge once again its ignorance? …
Another Roller-Coaster Ride
[Chart courtesy of MarketWatch.com] Moving the Markets An early climb back to the unchanged line unraveled all of a sudden as the markets reversed and plunged on news about Trump Jr. releasing a chain of emails alleged to have played a role of Russian involvement in the Trump Sr. election. The soap opera continued for a while but, after the …
Tech Sector Saves The Day
[Chart courtesy of MarketWatch.com] Moving the Markets The Nasdaq managed to hold on to most of its early gains, while the Dow dropped back in the red. The S&P essentially closed unchanged, as a last hour sell off contributed to turn this session into a mixed bag. Semiconductors, which we hold via SMH, fared very well by adding +1.03% while …
ETF Tracker Newsletter For July 7, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/07/weekly-statsheet-etf-tracker-newsletter-updated-07062017/ ROLLER-COASTER WEEK ENDS ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the Markets A roller-coaster week ended on the plus side with the S&P 500 squeezing out a 2 point gain after recovering from yesterday’s sell off. A better than expected jobs number supported equities with the employment report showing that 222,000 jobs (vs. 179k …
Bonds, Equities And Dollar Drop As Interest Rates Rise
[Chart courtesy of MarketWatch.com] Moving the Markets The debacle started in Europe, as ugly bond auctions in France and Spain set a negative tone for the day, which quickly spread across the Atlantic pushing US interest rates higher (and bond prices lower) while pulling equities off their lofty levels with the Nasdaq surrendering -1%. Not helping was the German Bond …