[Chart courtesy of MarketWatch.com] US stocks surged Wednesday with the Dow Industrials posting its biggest daily gain in more than a month following data showing a bunch of strong quarterly earnings report and a solid recovery in industrial activity in September. Risk appetite got a boost after a Federal Reserve report showed industrial output climbed 0.4 percent in September, beating …
US Equities Turn Higher As Retail Sales Lifts Sentiment; China, US Assist Europe
[Chart courtesy of MarketWatch.com] US equities moved higher Monday after retail sales data for September came in better than expected and Citigroup delivered above consensus quarterly earnings results. Sentiment was buoyed after a Commerce Department report revealed retail sales rose by a seasonally-adjusted 1.1 percent, beating forecasts of a 0.8 percent rise marginally. A separate report showed the Federal Reserve …
ETFs/Mutual Funds On The Cutline – Updated Through 10/12/2012
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 335 (last week 350) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 10/14/2012
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 10/14/2012. The markets did an about face as weakness set in across the board with the S&P 500 giving back some 2.2% over the past week. It was about time, as index levels had gotten …
Is IMF Involvement Required For OMT To Kick In?
There has much debate if and when Spain would request for a full-fledged bailout from the European Central Bank. There’s not much clarity on the International Monetary Fund’s role in the whole process. For the ECB to officially start the Outright Monetary Transaction (OMT, which is synonymous with the bank’s unlimited bond buying program from the secondary markets) for a …
New ETFs On The Block: Flexshares Ready Access Variable Income Fund (RAVI)
FlexShares, the ETF arm of Northern Trust, has launched its first actively managed exchange traded fund, the Ready Access Variable Income Fund (RAVI), aimed at folks who wish to maintain liquidity but seeking that extra yield without exposure to excessive volatility. RAVI can be a good choice for people wishing to park funds in a safe place in the short …