[Chart courtesy of MarketWatch.com] Today, the stock market saw a significant uptrend, with technology shares outshining the rest. This surge builds upon the previous session’s momentum that set new records on Wall Street. Leading the charge, mega-cap technology companies like Meta Platforms, Microsoft, and Amazon each saw gains of at least 1%. In contrast, Apple experienced a 3% decline amid …
Powell’s Puzzle: Market Rallies Amid Rate-Cut Tease And Dollar’s Dive
[Chart courtesy of MarketWatch.com] In today’s financial frolics, stocks took a joyride upwards after the Federal Reserve played it cool, keeping rates parked at a sky-high 23-year peak. Despite this, they’re eyeing a trio of rate cuts by the end of 2024’s calendar pages. The big three indexes didn’t just climb; they set new altitude records, while Small Caps had …
AI Innovations And Interest Rate Intrigue: Market’s Moment Of Truth?
[Chart courtesy of MarketWatch.com] The S&P 500 ticked upwards today, catching a lift from Nvidia’s big reveal at their AI conference. Wall Street’s attention, however, was split as eyes turned to the Federal Reserve’s two-day policy pow-wow. Nvidia, the tech world’s darling, nudged up 1% as investors chewed over the news from its GTC Conference. CEO Jensen Huang showcased the …
Tech Stocks Get Their Groove Back: Nvidia And Alphabet Dance To The Tune Of AI And Fed Anticipation
[Chart courtesy of MarketWatch.com] On a manic Monday, the stock market got a jolt of energy, with Nvidia leading the charge like a caffeinated squirrel. As Wall Street’s eyes are glued to an upcoming AI extravaganza and the Fed’s crystal ball for future money moves, Nvidia’s shares did a little happy dance, jumping over 4% in anticipation of their GTC …
ETFs On The Cutline – Updated Through 03/15/2024
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 …
ETF Tracker Newsletter For March 15, 2024
ETF Tracker StatSheet You can view the latest version here. INDEXES RETREAT, BOND YIELDS RISE AS INVESTORS EYE FED MEETING [Chart courtesy of MarketWatch.com] This week, the major indexes experienced fluctuations due to options expirations volatility, ultimately closing lower. Technology stocks felt the pressure as inflation concerns persisted, particularly in anticipation of the Federal Reserve’s policy meeting next week. …