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 3/10/2013.
Upward momentum picked up speed again, as the benchmark S&P 500 index gained every day this week for a total of +2.17% since last Friday’s close.
Bond prices have been slipping, meaning rates have been inching up on the idea that the economy is improving. The Fed’s beige book report provided no earth shattering news, but it has become clear that the Fed, despite recent questionable remarks, has in no way admitted that the QE gravy train may be slowing down. I think their recent comments were merely designed to test market response, kind of like a canary in the coal mine, in the event the monthly $85 billion money spigot would be slowed down.
In my view, the Fed is stuck between a rock and a hard place. They eventually will have to stop the print fest, but if they do too soon, the markets will tank. In the meantime, adding $85 billion a month will support the major indexes if for no other reason that money needs to find a home. One analyst quipped that “in 2013 we may see the S&P 500 go above 2,013.”
Over past week, we covered the following:
One Man’s Opinion: Will Sequestration Hurt Job Creation And Temper Growth?
New ETFs On The Block: First Trust High Yield Long/Short ETF (HYLS)
ETF/No Load Fund Tracker Newsletter For Friday, March 8, 2013
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 3/7/2013
Dow Continues Record Run As Jobless Claims Dip; Europe Slips On ECB
Dow Industrials Extend Record High On Jobs Data; Europe Retreats From 4 ½ Year High
7 ETF Model Portfolios You Can Use – Updated through 3/5/2013
Heading Into Bubble Territory; Dow Hits Record High After Services Index Rise; Europe Rallies
Dow Heads Closer To Record High; Europe Retreats On China
ETFs/Mutual Funds On The Cutline – Updated Through 3/1/2013
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