Nasdaq 100 And 10-Year Yield Diverge: Which One Will Blink First?

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[Chart courtesy of MarketWatch.com] The stock market had a strong finish today, with the S&P 500 hitting a new record high and the other major indexes recovering from their earlier losses in the week. But don’t pop the champagne just yet because the economic picture is still murky at best. Retail sales fell more than expected in January, dropping 0.8% …

ETF Tracker Newsletter For December 22, 2023

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ETF Tracker StatSheet           You can view the latest version here. MARKETS MIXED AS INFLATION SLOWS, INCOME DIVERGES, AND RATE CUTS LOOM [Chart courtesy of MarketWatch.com] The S&P and Nasdaq managed to squeeze out a tiny gain, thanks to tame inflation data, and extended their weekly winning streak to eight. The Dow was not so lucky and ended in the …

Market Divergence: Nasdaq Nears Record High Amid Tight Financial Conditions And Weak Leading Indicators

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[Chart courtesy of MarketWatch.com] The U.S. stock market continued its bullish run as it entered the Thanksgiving week, which will have a shorter trading schedule. Traders are feeling optimistic after the latest inflation data showed a lower-than-expected increase in consumer prices, easing the fears of a prolonged period of high inflation and aggressive rate hikes by the Federal Reserve. Some …

Dollar Slumps As Inflation Data Boosts Stocks

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[Chart courtesy of MarketWatch.com] Moving the markets The stock market celebrated another day of low inflation, as the Producer Price Index (PPI) for June came in much weaker than expected. The PPI measures the change in prices that producers charge for their goods and services. It was supposed to rise by 0.4% year-over-year, but it barely budged at 0.1%. This …