The latest non-farm payroll data shows the US economy added 155,000 jobs in December, and the unemployment rate remained unchanged at 7.8 percent, well short of the Fed’s stated target of 6.5 percent, which in turn will likely keep the central bank engaged in the foreseeable future. Does the present administration have any number that relates to job losses if …
New ETFs On The Block: ALPS-Goldman Sachs Proprietary Strategy ETFs (GSMA, GSGO, GSAX, GSRA)
ALPS, the Denver, Colorado-headquartered asset management firm with $7.6 billion in assets has teamed up with Goldman Sachs to launch a suite of exchange traded funds based on GS’ proprietary indexes. The four ETFs allocate assets based on market volatility and are engineered to follow active management styles. Three of the new ETFs are based on GS’ “Momentum Builder” framework, …
ETF/No Load Fund Tracker Newsletter For Friday, January 4, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01032013/ ———————————————————— Market Commentary Friday, January 4, 2013 S&P 500 ENDS WEEK AT HIGHEST LEVEL SINCE 2007; EUROPE RISES ON US JOBS DATA US stocks closed higher Friday with the S&P 500 index rising to its highest closing level since December 2007 after data showed …
01-05-2013
The ETF/No Load Fund Tracker—Monthly Review—December 31, 2012 US Equities Rally Into 2013 On Fiscal Cliff Compromise Thanks to emerging details of a budget deal that approved extension of tax-cuts for most households, US stocks rallied on the last trading day of the year on Monday, reinforcing yearly gains. Analysts believed stopping the tax increase would meaningfully reduce the prospect …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 01/03/2013
ETF/Mutual Fund Data updated through Thursday, January 3, 2013 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 10/25/2011 The domestic TTI broke through its long-term trend line generating a Sell for this area effective 8/9/2011. Over the recent past, we’ve seen the …
Fed Minutes End Euphoric Rally; Europe Rises
[Chart courtesy of MarketWatch.com] US equities slipped slightly following the S&P 500 index’s biggest rally in a year as minutes from the Fed’s December meeting showed some policy makers were mulling whether to wrap-up its $85 billion monthly bond purchase program before the end of this year. What that means is that QE punch bowl addicted crowd may no longer have the …