ETF Data updated through Thursday, October 10, 2024 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
Indexes Retreat As Inflation And Unemployment Rise
[Chart courtesy of MarketWatch.com] The major indexes retreated from their elevated levels as rising inflation and unemployment provided traders with a sobering reality check. Despite these concerning figures, the pullback was moderate, even though they suggest potential stagflation—characterized by higher inflation coupled with stagnant or slow economic growth. Core consumer prices, a key metric favored by the Federal Reserve, increased …
Fed Minutes Fuel Market Rally As Major Indexes Surge
[Chart courtesy of MarketWatch.com] The markets attempted to build on yesterday’s recovery, with major indexes starting the day on a positive note. This momentum was boosted by the release of the Federal Reserve’s September meeting minutes, which revealed that most participants favored a larger 0.5% rate cut over a more modest 0.25%. This news fueled bullish sentiment, leading to a …
Oil Price Drop Fuels Market Rebound Amid Persistent Uncertainties
[Chart courtesy of MarketWatch.com] Oil prices dropped by over 4%, which helped equities rebound after yesterday’s losses. Despite ongoing tensions, Israel has yet to retaliate. Bond yields rose slightly, but not enough to prevent a market recovery, with the Nasdaq leading the charge. The Middle East conflict, upcoming elections, hurricane damage, and other uncertainties are expected to increase market volatility. …
Rising Bond Yields And Oil Prices Drag Major Indexes Down
[Chart courtesy of MarketWatch.com] The financial markets were significantly impacted by climbing bond yields and surging oil prices, which drove the major indexes down throughout the session. The 10-year yield rose above the 4% mark for the first time since August, rebounding from a low of 3.60% in September. This sharp increase comes despite the Federal Reserve’s efforts to lower …
ETF Tracker Newsletter For October 4, 2024
ETF Tracker StatSheet You can view the latest version here. GOVERNMENT JOBS SOAR, PRIVATE SECTOR GROWTH LAGS [Chart courtesy of MarketWatch.com] The much-anticipated jobs report exceeded expectations, driving major indexes higher. However, the question remains: how much will these figures be revised in the future? Historically, six out of the last seven releases have been significantly downgraded. Nonfarm payrolls …