David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
Sure China said they wouldn’t be selling European bonds. Why wouldn’t they say that? They didn’t say they’d be buying more either. So what was the news to account for this stock market rally Thursday?Good economic data? No. GDP data came in significantly below estimates. Good Jobless Claims data? No, not really. While claims were somewhat lower than the previous week they were still below consensus and crawling along the bottom.
So what then?
Ah, I think I have it. Markets were much oversold (see previous NYMO.....READ MORE!
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WINDOW DRESSING 0 comments
OVERSOLD MONTH-END WINDOW DRESSING MARKET RALLY
Sure China said they wouldn’t be selling European bonds. Why wouldn’t they say that? They didn’t say they’d be buying more either. So what was the news to account for this stock market rally Thursday? Good economic data? No. GDP data came in significantly below estimates. Good Jobless Claims data? No, not really. While claims were somewhat lower than the previous week they were still below consensus and crawling along the bottom.
So what then?
Ah, I think I have it. Markets were much oversold (see previous NYMO.....READ MORE!
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