ETF Tracker Newsletter For May 11, 2018

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ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-10-2018/  COMEBACK KID [Chart courtesy of MarketWatch.com] Moving the markets After slumping last week, and threatening to break our long-term trend lines to the downside into bearish territory, this week was just the opposite with the major indexes staging a comeback with each of them gaining over 2%. While we saw some jumpiness today, the Dow and …

Stocks Jump As Dollar Dumps

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[Chart courtesy of MarketWatch.com] Moving the markets Muted inflation fears were one part of the puzzle that helped the markets score another win with the major indexes gaining across the board. First, today’s reading on April consumer prices came in at +0.1%, which was a tad below estimates. Second, the 10-year bond yield pulled back and did not close above …

Iran Nuclear Pact Ends—Major Indexes Unchanged

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[Chart courtesy of MarketWatch.com] Moving the markets The much awaited and hyped up announcement by President Trump regarding the Iran nuclear pact had the major indexes, which hovered below their respective unchanged lines all morning, dipping down at first but managing to rebound to close essentially unchanged. Trump confirmed withdrawal from the pact and announced “the highest level of sanctions …

Confusion Reigns—Markets Drop

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[Chart courtesy of MarketWatch.com] Moving the markets You would have expected the markets to show some signs of life with Apple posting better than expected earnings and revenue after the close yesterday. Or, that the Fed’s statement was interpreted as somewhat dovish despite saying that further rate hikes are “needed in the coming months.” If you thought that, you were …