[Chart courtesy of MarketWatch.com] Moving the Markets To much shock and surprise all three major indexes opened down this morning—by a gigantic -0.3%. Since in this new normal, a larger downside margin is no longer allowed, so a rebound materialized and up we went, but only the Dow managed to close in the green. Of course, I am being facetious …
Dow Scores 8th Gain In A Row
[Chart courtesy of MarketWatch.com] Moving the Markets Last week’s record setting pace continued today as all three major indexes powered higher led by the S&P 500 with a gain of +0.60%. The fact that concerns remain about excessive valuation did not matter; in the end all of the S&P’s 11 sectors closed up with even defensive areas like real estate, …
ETF Tracker Newsletter For February 17, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18545&preview=true Extending The Winning Streak [Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes hovering in negative territory for most of the day, in this new normal market environment, they are not allowed to close two days in a row in the red. As a result, as if by magic, stocks were pushed up during …
Equities Mixed But Dow Squeezes Out A Gain
[Chart courtesy of MarketWatch.com] Moving the Markets Treading water below the unchanged line was the theme of the day as weakening upward momentum held the major indexes in check. Despite the usual afternoon ramp, only the Dow managed to eke out a gain to notch its sixth straight record high close. It was a mixed bag with declining energy stocks …
S&P 500 Registers A Seven-Session Winning Streak
[Chart courtesy of MarketWatch.com] Moving the Markets The bulls continued to have their way on Wall Street with today’s support coming from positive data confirming that the US economy is heating up and leaving the Fed behind in terms of controlling inflation via higher rates. The CPI number can only be described as “blistering” at a strong 2.3% print vs …
The Rally Continues: Low Interest Rates Are Good News And… High Interest Rates Are Good News
[Chart courtesy of MarketWatch.com] Moving the Markets All eyes were on the Fed today, or more specifically Janet Yellen’s testimony before the U.S. senate banking committee. Among much jawboning Yellen warned that “waiting too long to remove accommodation would be unwise,” along with this bon mot that “at our upcoming meetings, the committee will evaluate whether employment and inflation are …