Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
Traders Bet On No Rate Hike This Week, But Will They Regret It?
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 soared to a 13-month high as traders bet on the Fed holding off on raising interest rates this week. The Fed has already hiked rates 10 times in a row, but now the odds are 74% in favor of a pause. Maybe tomorrow’s inflation report will confirm that view, as …
Bond Yields Spoil The Market Party
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 is still hovering near its highest level since August, but it slipped a bit today. Maybe the market realized that its artificial intelligence stocks can’t keep the party going forever. After all, we have seen 13 months of declining leading indicators, and the Fed’s hawkish policy will likely bite us …
Fed Talk Fails To Dampen Stock Market Mood, Nasdaq Leads The Way
[Chart courtesy of MarketWatch.com] Moving the markets The stock market had a strong finish on Wednesday, overcoming a sluggish start and a midday dip. The S&P 500 turned positive for the month, while the Dow trailed behind the Nasdaq. The rally was fueled by optimism about a debt ceiling deal, as House Speaker McCarthy signaled progress in talks with President …
Watching Grass Grow
[Chart courtesy of MarketWatch.com] Moving the markets Today’s session had all the excitement that I usually experience when I watch grass grow or paint dry, as the major indexes meandered without conviction and ended up around their respective unchanged lines—again. Despite another loaded earnings day kicking into full swing, as MarketWatch called it, traders simply found something wrong with the …
Indecision Rules—Recession Looms
[Chart courtesy of MarketWatch.com] Moving the markets Despite the CPI turning out a bit “cooler” than expected, with the headline number printing +0.1% MoM and +5.0% YoY vs. 5.1% anticipated—and down from 6% YoY prior—the reaction was lukewarm at best. The Fed’s favorite core CPI rose 0.4% MoM, in line with expectations, but it pushed the index up 5.6% YoY, …