Despite a lack of progress in the Fiscal Cliff negotiations, the major indexes managed to climb a wall of worry with the S&P 500 gaining some 1.5% since last week’s report. Volume being the lowest of the year, as many retail investors have fled equities in droves, may very well be the main contributor as High Frequency Trading encounters no …
US Stocks Crawl Higher On Budget Hopes, Fed Stimulus; Europe Rises On German Confidence
[Chart courtesy of MarketWatch.com] US stocks finished higher with the Dow Industrials erasing losses since the Election Day and the S&P 500 rising for the fifth straight day as optimism grew that the Federal Reserve will announce more stimulus when wrapping up its final meeting of the year tomorrow and awaited progress on federal budget negotiations in Washington hopefully comes …
Indexes Rise On Budget Hopes, China; Europe Tracks Higher; Stunning Video Demonstrates US Debt
[Chart courtesy of MarketWatch.com] The major market indexes finished modestly higher with the S&P 500 index extending tiny gains into the fourth straight session, it’s longest since August after economic data in China beat estimates, overshadowing political uncertainties in Europe and the continued stalemate over budget negotiations in Washington. Europe was back in the spotlight after Italian Prime Minister Mario …
ETFs/Mutual Funds On The Cutline – Updated Through 12/7/2012
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 342 (last week 332) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 12/9/2012
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 12/9/2012. More bobbing and weaving in a tight trading range was the theme of the week, as the S&P 500 managed to eke out 2 points. I don’t know about you but I am feeling …
One Man’s Opinion: Will Tax Hikes Push The US Economy Back Into Recession?
Friday’s better-than-anticipated jobs number makes it a little bit easier for President Obama to hike taxes on the wealthy, says Barry Knapp, Head of Equity Strategy at Barclays Capital. However, on close examination, you’ll see earnings-growth has been very tepid and total hours worked has remained flat. In other words, every one-tenth of that total hours worked is worth …