[Chart courtesy of MarketWatch.com] Moving the Markets I had to laugh this morning after the Italian referendum was soundly defeated putting the Eurozone banking system in danger zone in regards to a much needed bailout of the Italian banks, but Europe stocks rallied sharply with the German Dax gaining 1.63%. As one trader remarked “Brexit took 3 days to recover …
ETF Tracker Newsletter For December 2, 2016
ETF Tracker StatSheet https://theetfbully.com/2016/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12012016/ Market Commentary Trump Euphoria Fades [Chart courtesy of MarketWatch.com] Moving the Markets On the surface, today’s payroll data was a resounding success with the US jobless rate falling to 9-year lows and employers adding some 178,000 jobs confirming that the 100% rate hike odds when the Fed meets later on this month may turn into reality. …
A Tale Of Two Markets
[Chart courtesy of MarketWatch.com] Moving the Markets It was a tale of two markets with the Dow still pushing into record territory while the Nasdaq tanked and closed below the unchanged line joined by the S&P 500. The Dow’s support came from the banking and energy sector, the latter which was powered by continued strength in oil prices (+2.97%) as …
A Weak Finish After A Solid Month
[Chart courtesy of MarketWatch.com] Moving the Markets Thanks to the Trump post-election rally, the month of November ended up being a positive one, an amazing feat when considering that on election night the futures were way down with the Dow at point being in the negative by almost 900 points. Today, all the glory went to the energy complex (+4.8%) …
A Mixed Bag
[Chart courtesy of MarketWatch.com] Moving the Markets News-wise, it was a mixed bag as health insurers offered an upbeat outlook while a sharp drop in oil prices (-3.87%) pulled down energy shares. The major indexes got off to a good start, faded in the end but managed to close above the unchanged line by a small margin. The steam of …
Trump Pump Hits A Speed Bump
[Chart courtesy of MarketWatch.com] Moving the Markets The smooth three week post-election ride of the major indexes hit a speed bump today with equities notching their worst performance in almost a month. However, that’s sounds worse than it actually was as the S&P 500 and the Nasdaq gave back only around 0.5%, which is hardly earth shaking. The main culprits …