[Chart courtesy of MarketWatch.com] US stocks finished higher Tuesday as investors turned slightly bullish on signs of improvement in the housing market, although clouds continue to hang over the markets ahead of the EU summit meeting scheduled for Thursday and Friday this week. Treasuries retreated as risk sentiments improved over speculation that European leaders were progressing over resolving the ongoing …
Equities Slide Ahead Of Key Brussels Meeting; EGPT Soars, GREK Sinks
As investors became worried ahead of a key meeting this week in Brussels (rightfully so), and after reports of Greek Finance Minister resigning on health grounds just four days into his job hit the wires, US equities plummeted more than one percent Monday. Moods were soured further after Cyprus became the fifth nation in the single-currency union to seek money …
ETFs/Mutual Funds On The Cutline – Updated Through 6/22/2012
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 398 ETFs, of which currently 202 (last week 219) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 6/24/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 6/24/2012. Some reality set in as the Fed disappointed the markets by not providing a freshly spiked punchbowl causing the major indexes to slip sharply on Thursday. The damage for the week, however, was only …
Europe Needs Central Fiscal Structure: Michael Spence
Michael Spence, professor of economics at New York University’s Stern School of Business thinks the risks in Europe needs socialization in the short-term. The Eurozone is going to stand or fall depending on the reforms they undertake in Spain or Italy. Unfortunately, those reforms will take time to show the results. Borrowing costs however remain the dominant problem right now …
New ETFs On The Block: Global X Permanent ETF (PERM)—Will It Replace PRPFX?
The Global X Permanent ETF (PERM), launched by the New York based fund issuer offers investors exposure to a number of core asset classes. The ETF replicates the Solactive Permanent Index, a benchmark comprised of three major core asset classes; stocks, Treasuries & bonds, and precious metals, thus diversifying holdings for all market conditions. Each of the categories is further …