The markets, as measured by the benchmark S&P 500, rallied since last week’s ETF Model portfolio report with the index gaining some 2.5%. There were really no spectacular economic news to justify the advance; in fact, more negative than positive data points made the headlines, but the bulls seemed to have their eyes feasted on the potential safety net provided …
Strong Manufacturing Pushes Dow To Four Year High; KWT Pops, CVOL Slips
[Chart courtesy of MarketWatch.com] US stocks edged higher Tuesday after the latest ISM data indicated that US manufacturing activities expanded in April, offsetting concerns of an economic slowdown. The Dow hit its highest level since 2007 on hopes of better jobless data due this week. Treasury yields climbed from near three-month lows after slipping yesterday as two regional Federal Reserve …
US Major Market ETFs Snap Winning Streak; FUE Jumps, GMMB Sinks
[Chart courtesy of MarketWatch.com] US broad markets closed mostly lower Monday, meandering south as weaker-than-estimated economic data weighed on investors’ mind. This is the year’s first monthly decline as weak consumer spending growth and the soft reading of the Chicago area business-activity index dragged markets down, though the Dow ended the month slightly higher, its longest streak since Jan 2007. …
ETFs/Mutual Funds On The Cutline – Updated Through 4/27/2012
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 354 (last week 334) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 4/29/2012
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 4/29/2012. Strong earnings, despite lowered expectations, were the main story last week, which powered the major indexes higher despite some very questionable economic reports. A low GDP number failed to damp enthusiasm, and the S&P …
The Weekly Interview: Will The Fed Rescue The Markets Again Via QE-3?
Now that the Q1 GDP number has come lower than expected, are we going to witness another round of quantitative easing after the present “Operation Twist” ends in June? Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott doesn’t think so, especially in an election year. The yield on 10-year Treasuries is still low below 2 percent. As investors continue …