Valuation Worries Persist But S&P And Dow Hit Record Highs

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[Chart courtesy of MarketWatch.com] Moving the Markets There was no hesitation nor looking back as the major indexes headed north right after the opening bell. The Dow and S&P scored new record highs while the Nasdaq rebounded solidly after last week’s weakness. The tech sector, as represented by XLK, added 1.5%, which was its biggest one-day gain since last December. …

ETF Tracker Newsletter For June 16, 2017

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ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06152017/ AMAZON SLAMS STOCKS BUT MAJOR INDEXES RECOVER [Chart courtesy of MarketWatch.com] Moving the Markets Several events kept the indexes in roller coaster mode. For one, it was quadruple options expiration day, which always tends to add volatility to an otherwise complacent market. That fact got shoved into the background as Amazon announced its acquisition of Whole …

Red Is The Color Of The Day As Indexes Slide

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[Chart courtesy of MarketWatch.com] Moving the Markets The reaction to the Fed’s hawkish tone on Wednesday continued to take its toll on the markets for the second day, with the major indexes hovering below the unchanged line all day. The mood on Wall Street could be best described as “cautious” with news of a special counsel investigating allegations, as to …

Fed Does The Expected; Markets Disappointed

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[Chart courtesy of MarketWatch.com] Moving the Markets In the face of poor economic news, the Fed did the expected by hiking interest rates 0.25% and set plans in motion to shrink its $4.5 trillion balance sheet reflecting the view that “an economic expansion now entering its ninth year no longer needs so much propping up.” They also appeared to stick …