[Chart courtesy of MarketWatch.com] The major indexes started the session in the red, with only the S&P and Nasdaq being able to climb out of that early hole and close in the green, as buying picked up late in the session. The Fed started its 2-day meeting on interest rates today with the verdict being announced Wednesday after 11 am …
Gold And Bitcoin Rebound, Oil Surges Amidst Market Uncertainty Ahead Of CPI Release And Fed’s Rate Verdict
[Chart courtesy of MarketWatch.com] With the much-anticipated jobs report out of the way, but Wall Street still pondering its implications, the new focus is on the Fed’s interest rate decision and last month’s inflation data. Both are due out Wednesday with the CPI potentially being a crucial point for market direction. Especially, after Friday’s allegedly strong jobs report, the Fed …
ETF Tracker Newsletter For June 7, 2024
ETF Tracker StatSheet You can view the latest version here. STRONG JOBS REPORT SHAKES RATE CUT DREAMS, BOND YIELDS LEAP [Chart courtesy of MarketWatch.com] Traders’ dreams for an interest rate cut were dashed this morning, as the jobs report came in stronger than expected. Nonfarm payrolls allegedly increased by 272k last month, considerably above expectations of 190k and April’s …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/06/2024
ETF Data updated through Thursday, June 6, 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. …
Wall Street Waits With Bated Breath: May Jobs Report To Set Fed’s Course?
[Chart courtesy of MarketWatch.com] The markets predominantly trod water after the S&P’s fresh record close, with traders’ eyes now focused on tomorrow’s jobs report. Friday’s non-farm payrolls report for May will be analyzed carefully, because any weakness in the labor force will freshen hopes that the Fed might indeed cut rates. Expectations are for 190k in new jobs created. Optimism …
Nvidia Hits New Record And Surpasses $3 Trillion Market Cap, Igniting Bullish Sentiment
[Chart courtesy of MarketWatch.com] Nvidia’s jump to a new record, while conquering the $3 trillion market cap, sparked bullish sentiment, at least in the Dow and S&P 500, both of which headed higher right after the opening bell. The latter scored a new all-time high late in the session, as the 10-year yield slipped to 4.29%. With traders looking everywhere …