[Chart courtesy of MarketWatch.com] After a two-day advance, US stock indexes drifted lower today as investors lost risk appetite following the release of mixed economic reports, and European policy makers warned a strong euro could hamper the region’s recovery. On the economic front, applications for weekly jobless benefits dropped to 366,000, down 5,000 from the previous week but above forecasts, …
Index ETFs Rise On Earnings; Europe Slips On Italian Austerity Worries
[Chart courtesy of MarketWatch.com] US indexes finished slightly higher Wednesday, recouping early losses as better-than-forecast earnings eclipsed concerns over Europe’s debt crisis ahead of tomorrow’s European Central Bank meeting in Frankfurt. Equities had slumped earlier amid concerns Europe’s debt crisis may get worse. An opinion poll in Italy showed former Premier Silvio Berlusconi’s anti-austerity campaign has boosted his popularity before …
7 ETF Model Portfolios You Can Use – Updated through 2/5/2013
Sitting above and trying to hold on to the 1,500 S&P level was the theme of the past week, as the benchmark index managed to add 3 points since last week’s ETF Model Portfolio was published. Although that’s not the entire story as the S&P dropped 17 points on Monday only to regain 15 of them back on Tuesday. Maybe …
Equities Rally On Buyout Hopes; Europe Bounces Back On Data
[Chart courtesy of MarketWatch.com] US stocks rebounded Tuesday to recoup much of the previous day’s biggest loss of the year for benchmark indexes as investors found confidence in robust corporate earnings and PC-maker Dell Inc’s decision to go private in the biggest leveraged buyout deal since the financial crisis. Shares found some support in today’s economic data. The Institute for …
02-05-2013
The ETF/No Load Fund Tracker—Monthly Review—January 31, 2013 Equities End January With A Bang; Europe Rise On US Economic Data US equity averages saw broad gains as December’s last-minute budget deal, to avoid the so-called fiscal cliff, and a wave of economic numbers in January ensured more money flowed into equity funds than bond funds for the first time since …
Major Market Indexes Lose Face-Off with Gravity; Europe Dives
[Chart courtesy of MarketWatch.com] I did not think it was possible that the markets were actually able to lose a face-off with gravity after their relentless and almost uninterrupted ascent since mid-November. Even the by now well documented afternoon “lift-a-thon” was notably absent, as the major market indexes took their cue from Europe and produced their worst loss of this …