When Bad News Is Good News—Again

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[Chart courtesy of MarketWatch.com] Moving the markets At least for today, we’re back to the theme of last year when, on many occasions, bad news was good news and kept the bullish dream alive. I was reminded of that this morning when, after last week’s terrible manufacturing index (ISM) numbers, it was the US Service Economy’s turn to plummet (December …

An Early ‘Hope’ Rally Runs Out Of Steam As Fed Hikes Rates

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[Chart courtesy of MarketWatch.com] Moving the markets The Fed stepped up to the plate and delivered the 3rd 25 basis point interest rate hike this year, which was widely expected but hope for ‘accommodation’ still powered an early rally that ran out of steam once reality hit the markets. The major indexes reversed course, headed south and closed marginally in …

Turmoil in Turkey Troubles Markets

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[Chart courtesy of MarketWatch.com] Moving the markets Despite the US not having much direct financial exposure in Turley, its ongoing troubles did stop investors in their tracks. That simply means risk assets, such as equities, fell out of favor today, and the major indexes headed south wiping out some early gains and ending in the red. After all, no direct …

ETF Tracker Newsletter For July 20, 2018

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ETF Tracker StatSheet https://theetfbully.com/2018/07/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-07-19-2018/  STRUGGLING FOR DIRECTION [Chart courtesy of MarketWatch.com] Moving the markets Equities ended the day and the week about unchanged while struggling for direction with the 3 major indexes clinging to the unchanged line. The S&P 500, for example, added only 1 point over the last 5 trading sessions but stayed on track for its 3rd straight …