[Chart courtesy of MarketWatch.com] Moving the markets In a repeat from yesterday, the Dow and S&P 500 climbed into record territory for the fourth session a row, while the Nasdaq bucked the trend and slipped a tad. While tomorrow’s announcement by the Fed about a 0.25% rate hike is a foregone conclusion, some anxiousness prevails about what signals may be …
ETF Tracker Newsletter For December 8, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/12/weekly-statsheet-etf-tracker-newsletter-updated-12072017/ NEW RECORDS POWERED BY JOBS REPORT [Chart courtesy of MarketWatch.com] Moving the markets The headline report about the latest jobs numbers showing an improvement in November, 228k created vs. 200k expected, was enough to power the major indexes higher with both the Dow and S&P 500 ending the week in record territory. The tech sector …
Exuberance Fades As Tech Wreck Continues
[Chart courtesy of MarketWatch.com] Moving the markets Overnight exuberance, caused in part by the discovery that Friday’s story from ABC about former national-security advisor Flynn was “fake news”, only had a temporary market moving effect. But clearly helping the bullish cause was the weekend passage of the Senate version’s overhaul of the tax code. Spoiling the party was the continuation …
ETF Tracker Newsletter For December 1, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11302017/ SLIPPING FOR THE DAY BUT GAINING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets The equity markets derailed this morning and plunged after headline reports that Trump’s former national-security advisor promised not only “full cooperation with the Mueller team” but that he is also prepared to testify that as a candidate, Donald Trump …
Tech Proves To Be A Drag On The Markets
[Chart courtesy of MarketWatch.com] Moving the markets It’s really no surprise that the best performing sector of 2017 had to eventually come off its lofty levels and back to reality. That moment was today as, despite nine of the 11 S&P sectors gaining, Semiconductors (SMH) took a hit at the rate of -4.24%. Autodesk (ADSK) announced some earnings and restructuring …
Shifting Into Overdrive
[Chart courtesy of MarketWatch.com] Moving the markets Momentum for equities shifted into overdrive supported by two events. First, Trump’s nominee to run the Federal Reserve, Jerome Powell, testified at a Senate confirmation hearing that “he expects to stay on the course” set by the current Fed chief Yellen. Obviously, these were words that traders wanted to hear and off to …