ETF Tracker StatSheet https://theetfbully.com/2017/12/weekly-statsheet-etf-tracker-newsletter-updated-12212017/ CRAWLING BACK TOWARDS THE UNCHANGED LINE [Chart courtesy of MarketWatch.com] Moving the markets Despite today’s aimless meandering, which had the major indexes crawling out of a hole towards the unchanged line, the Dow and S&P 500 managed to score their fifth straight weekly advance despite ending the session slightly in the red. For sure, with …
Hunting For A Fresh Catalyst
[Chart courtesy of MarketWatch.com] Moving the markets With the tax reform package now being a done deal, the markets were in need of a new catalyst to continue their bullish theme. Since there was none to speak of, equities simply rallied higher because… well… that’s what they do. Energy, Financials and Telecom contributed to the positive outcome, but the mid-session …
Tax-Revamp Boost Runs Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes slipped a bit as the much touted and hyped tax deal appeared to be done, and the legislation was finally sent to President Trump for his signature. It seems that the bill’s passage left investors emotionally exhausted and apathetic as the actual news was a non-event in terms of market …
Falling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes slipped today as all eyes remained firmly focused on the tax package, which originally was supposed to be signed by President Trump today. However, after the markets closed, the process “hit a procedural snag” forcing another vote on Wednesday. Whether that will finally cinch the deal is everyone’s guess. Equities …
When A Done Deal Is Apparently Not A Done Deal
[Chart courtesy of MarketWatch.com] Moving the markets Market exuberance reigned early on and had the major indexes on track to set more record highs when jawboning by senators Rubio and Lee caused a case of severe tax-reform-anxiety. While we all thought the tax reform was a done deal, it does not appear so as questions regarding the “child tax credit” …
Fed Hikes Rates; Dow Ends At Fourth Straight Record High
[Chart courtesy of MarketWatch.com] Moving the markets Early market exuberance faded late in the session with only the Dow and Nasdaq clinging on to modest gains, while the S&P 500 slipped slightly into the red. The Fed raised the benchmark Fed funds rate by 0.25%, as expected, which was the fourth hike in the past year. The much awaited 2018 …