[Chart courtesy of MarketWatch.com] US equities sank Tuesday as the Greek political uncertainty continued to haunt markets though major indexes managed to cut losses and clawed back to recoup earlier losses. Good thing, because for a while serious downside prospects loomed very large. As Athens struggled to form a coalition government, Treasury yields sank to a three-month low as demand …
US Equity ETFs Vacillate As Blue-Chips Retreat; INXX Soars, VXX Tanks
[Chart courtesy of MarketWatch.com] US equities wavered Monday with the blue-chip Index closing lower while the broader markets gained modestly as investors remained uncertain about the European debt crisis following the outcome of French and Greece elections. Yield on 10-year notes continues to trade at three-month lows as investors continue to buy world’s safest assets in an increasingly uncertain environment. …
ETFs/Mutual Funds On The Cutline – Updated Through 5/4/2012
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 309 (last week 354) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 5/6/2012
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 5/6/2012. The feared jobs report turned out worse than expected pointing to an economy that is muddling along at best but certainly not growing as it should considering the trillions of dollars that were spent …
April Jobs Data Disappoints; Time For Another Round Of QE?
The Friday US jobs numbers disappointed big time. Does this mean the Fed will initiate another round of Quantitative Easing? According to Tom Porcelli, Chief US Economist at RBC Capital Markets, this job number alone is unlikely push the Fed to the edge. Ben Bernanke has made it clear that the Fed would prefer not to initiate another round of …
Taking Stock: PIMCO Does It Again! Now It’s A Global TIPS ETF
The California-based Pacific Investment Management Company, the world’s biggest manager of bond mutual funds, has done it again. Barely two months after the launch of its first exchange traded fund (the Total Return ETF BOND) the fixed-income fund goliath has just launched its second offering. This time PIMCO will help investors protect their investments against inflation through its Global Advantage …