More of the same as the equity index ETFs were pushed into the nosebleed section with the S&P 500 gaining seven days in a row before surrendering a jaw dropping 4 points yesterday. Nevertheless, this benchmark is within striking distance of following the Dow by taking out its 2007 high. So far, this has not been the year of bond …
Stocks Close Mostly Lower, But Dow Hits Record; European Stocks End Flat
[Chart courtesy of MarketWatch.com] US stocks closed mostly lower Tuesday as the S&P 500 snapped a seven day winning spree, but the blue-chip Dow Industrials staged a late-session turnaround to finish at a record high for the sixth straight day. Meanwhile, amid the continuing saga of Washington’s budget wars, House Republicans introduced a plan to cut the deficit to $528 …
Index ETFs Continue Record Run As S&P Nears Record High; Europe Eases On Italy
[Chart courtesy of MarketWatch.com] US indexes continued their record run Monday with the S&P 500 rising within nine points of the all-time high, while a gauge of market volatility slipping to the lowest level in six years as banks rallied and Apple Inc gained. Stocks tumbled earlier after National Bureau of Statistics data showed Chinese industrial output grew 9.9 percent …
ETFs/Mutual Funds On The Cutline – Updated Through 3/8/2013
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 344) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 3/10/2013
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 …
One Man’s Opinion: Will Sequestration Hurt Job Creation And Temper Growth?
Friday’s nonfarm payrolls number certainly comes as a welcome break for investors who have been worried that the Fed’s ultra loose monetary policy has failed to stimulate the real economy. However, the pace of recovery is likely to slow down, says Alan Krueger, chairman of the White House Council of Economic Advisers, adding the so-called sequestration is going to hurt …