[Chart courtesy of MarketWatch.com] Stocks initially surged as Wall Street sought to recover from the early second-quarter slump. However, by the end of the day, most gains had evaporated, leaving the major indexes struggling to maintain positive territory after an unexpected large-scale sell-off in the final hour. Nvidia, a standout in artificial intelligence, saw its shares rise in Wednesday’s morning …
Gold Glitters As Stagflation Concerns Mount
[Chart courtesy of MarketWatch.com] The Dow experienced a decline for the second consecutive day, managing to recover only a portion of the initial losses. This downturn contributes to a disappointing beginning to the quarter for Wall Street, as bond yields rose and market participants adjusted their expectations, now doubting a Federal Reserve interest rate cut in June. The stock market’s …
Bond Yields And Gold Prices Surge: Harbingers Of A Market Correction?
[Chart courtesy of MarketWatch.com] Today, the major stock indexes experienced a decline as Wall Street began the second quarter with a cautious eye on the latest U.S. inflation figures. These concerns stem from the possibility that the ongoing market rally might lose its momentum. The Personal Consumption Expenditures (PCE) price index, excluding food and energy, indicated a 2.8% rise in …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/28/2024
ETF Data updated through Thursday, March 28, 2024 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
Market Rally Continues Unabated: Is History Set To Repeat Itself?
[Chart courtesy of MarketWatch.com] The S&P 500 marked a moderate rise today, achieving its strongest first-quarter performance in five years and securing a fifth consecutive month of gains. The stock market has seen an upward trend for 18 of the past 22 weeks, a streak not surpassed since 1989. While the broader market indexes hovered around the break-even point, the …
S&P 500 Snaps Losing Streak: A Prelude To A Strong Quarter Close?
[Chart courtesy of MarketWatch.com] The S&P 500 bounced back, halting a three-day losing streak, buoyed by a substantial short squeeze that counteracted a $32 billion equity sell-off by pension funds. The tech-heavy MAG 7 staged a late-day rally, securing a positive close. In the spotlight, Cintas shares soared 7% following impressive earnings, while Merck’s stock climbed nearly 5%, reaching a …