[Chart courtesy of MarketWatch.com] Equity ETFs edged lower as rhetoric over progress on budget negotiations by Senate Majority Leader Harry Reid triggered a late sell off that eclipsed better than expected Economic data and an alleged European deal on Greece aid. Investors mostly shrugged off strong reports on the US economy and positive developments in Europe. The S&P/Case-Shiller 20 city …
Indexes Stall Ahead Of Budget Negotiations; Europe Slips On Greece Worries
[Chart courtesy of MarketWatch.com] The S&P 500 snapped a five-day winning streak in the first full trading session since Wednesday, with stocks finishing mostly lower Monday as investors grew wary ahead of budget negotiations in Washington and Europe struggled to reach a consensus over Greece that would release the next tranche of aid money. After slipping 109 points in early …
ETFs/Mutual Funds On The Cutline – Updated Through 11/23/2012
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 308 (last week 118) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 11/25/2012
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 11/25/2012. The previous week’s market pain was followed by a rip-roaring low volume rally that pushed the S&P 500 back above its 1,400 level and the DJIA above its psychologically important 13,000 milestone. The big …
One Man’s Opinion: Will Europe return to growth in 2013?
Latest data shows German business confidence has firmed up after hitting a 2-1/2 year low, indicating a bottoming out for the economy, although overall data across Europe has been flattish, says Laurent Fransolet, head of European interest-rate strategy at Barclays Plc. The PMI survey results throughout Europe have been generally better than the actual hard data and even-though it’s too …
New ETFs On The Block: Barclays Shiller CAPE ETN
Barclays Bank has launched a new exchange traded note, the Barclays ETN+ Shiller CAPE ETN (CAPE), a senior unsecured debt security that tracks the Shiller Barclays CAPE US Core Sector Index. The index incorporates the Cyclically Adjusted Price Earnings Ratio or CAPE methodology and provides notional long exposure to four comparatively undervalued US equity sectors that have exhibited strong price …