[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower today after reports surfaced that some hedge funds were cutting their exposure to Germany’s Deutsche Bank (DB), a move which raised fears that some clients are leery about doing business with the European banking giant. Did a bank run begin? While it’s too early to tell, the denial by DB’s John …
Heading Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After an early drop, the markets recovered and managed to close in the green in part due to quarterly window dressing. Oil shifted into high gear and gained some 4.6% on renewed Saudi jawboning about future production limits. The spot on article “This market calm feels like mayhem” by ZH, points to …
Markets React Well To Debate
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied following the first presidential debate, as investors digest the first face-off between Hillary and Donald. Stocks broke a two-day losing streak in the first trading session following the first of three face-to-face battles between the Democratic and Republican nominees for president, which some are suggesting that markets are giving the …
Nervousness Prevails Before Debate; Deutsche Bank Clobbers US Financials
[Chart courtesy of MarketWatch.com] 1. Moving the Markets While a general unease about tonight’s debate kept the major indexes in negative territory all day, other bad news contributed to the weakness as well. New home sales tumbled with prices touching lows not see in some 2 years while the supply of homes rose to 4.6 months from 4.2 months when …
ETF Tracker Newsletter For September 23, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09222016/ ———————————————————— Market Commentary DULL FRIDAY, POSITIVE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower today after three straight days of gains as momentum from the Fed’s decision Wednesday to chicken out on any interest rate hike this month slowed. Despite Friday’s drop, all three major indexes posted gains for the week. …
The Fed’s In Charge: Equities, Bonds And Precious Metals Gain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Thanks to the Fed’s decision of not raising rates and thereby keeping the financial markets happy, the computer algos went wild for a second day in a row with the major indexes, along with gold and silver, benefitting by closing higher although on abysmal volume. Never mind that US growth was forecasted …