S&P 500 Sneaks A Win, Small Caps Slump, Buffett Hoards Cash

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[Chart courtesy of MarketWatch.com] The S&P 500 had a roller-coaster ride on Wednesday, as it barely kept its winning streak alive for the eighth day in a row. That’s the longest run since 2021. But Small Caps got hammered again, as they lagged the big boys. It seems that traders are betting on the Fed to take a break from …

Stocks Rally Again, But Is It A Fluke Or A Trend?

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[Chart courtesy of MarketWatch.com] Stocks were snoozing early on, as traders took a nap after a wild rally on Wall Street to kick off November, but a sudden burst of energy pushed the major indexes back into the green. Tech stocks rose as yields retreated, with the yield on the 10-year Treasury note dropping about 7.5 basis points to 4.575%. …

Wall Street’s Rally Stalls As Fed Chair Powell Looms Large

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[Chart courtesy of MarketWatch.com] The S&P 500 wandered around like a lost sheep on Monday, as Wall Street tried to keep up the good vibes from last week’s stellar performance. In the end, after a tiny surge, nothing much changed. Just to refresh your memory, all the major indexes had their best week of the year, starting November with a …

ETF Tracker Newsletter For October 20, 2023

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ETF Tracker StatSheet           You can view the latest version here. BOND YIELDS RISE TO 5%, STOCKS DROP TO NEW LOWS [Chart courtesy of MarketWatch.com] Stocks got another slap in the face Friday, as traders freaked out over the 10-year Treasury yield flirting with 5%, a level that spells trouble for the economy and the stock market. Higher yields mean …

Bond Yields Spike To New Highs, Stocks Plunge To New Lows

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[Chart courtesy of MarketWatch.com] Moving the markets The stock market plunged today as bond yields soared to new highs. The trigger was the August job openings report, which showed a record-breaking 9.61 million vacancies in the U.S. economy. That’s a whopping 690,000 more than the previous month, and the largest jump since July 2020. The 10-year Treasury yield settled at …

Stocks Tumble, Fed Mumbles, Oil Rumbles, And Bonds Crumble

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[Chart courtesy of MarketWatch.com] Moving the markets The markets had a bad hair day on Tuesday as they waited for the Federal Reserve to wake up and make a move. After plunging in the middle of the day, the major indexes clawed their way back up but still ended in the red. The central bank’s two-day meeting started on Tuesday, …