[Chart courtesy of MarketWatch.com] Domestic stocks ratcheted higher Monday even though Fed Chairman Ben Bernanke gave no hint that another round of assets purchase is imminent, so investors overcame disappointment and focused on consensus-beating economic reports and positive second-quarter earnings news. The Dow Jones Industrial Average (DJIA) settled 78.33 points higher in a choppy market after sinking as much as …
US Equities Leak As Retail Sales Disappoint; CORN Pops
[Chart courtesy of MarketWatch.com] US equities finished lower Monday as retail sales dropped unexpectedly for the third straight month, even though economists had forecasted a slight increase, raising concerns about the economic recovery that ultimately pushed down two of the three indexes for the seventh session in last eight. US Treasury five-year yields fell to a record low of 0.60 …
ETFs/Mutual Funds On The Cutline – Updated Through 7/13/2012
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 196 (last week 235) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 7/15/2012
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 7/15/2012. A lot of bobbing and weaving in the markets, but Friday’s rebound pulled the major indexes to within the unchanged line. Europe was relatively quiet, so it was somewhat amazing to see the S&P …
Glenmede Investments: The Economy Is In A Growth Scare, But Not Scary Enough For The Fed
The June 19-20 meetings records of the Federal Open Market Committee disappointed the markets, as many thought that there was not enough emphasis on quantitative easing. No surprise there as hope of QE has been the only thing propping up the S&P 500 over the past couple of years. There is a general perception that further asset purchases are “required” …
New ETF On The Block: Advisorshares Global Alpha & Beta ETF (RRGR)
Bethesda, Maryland-based ETF issuer AdvisorShares has launched another actively managed fund, the AdvisorShares Global Alpha & Beta ETF (RRGR), marking its 15th actively managed fund and the ninth equity product overall. This is the first product to be managed by the Arizona-based advisory firm Your Source Financial. YSF is run by experienced money manager and popular financial blogger Roger Nusbaum, …