[Chart courtesy of MarketWatch.com] Stocks surged on Tuesday, with the Dow closing at a record high on a rally in cyclical shares and as earnings season started to heat up. The S&P 500 hit an intraday high of 1,573.89, just below its October 2007 intraday high of 1,576; which is a nice recovery from the losses last week. Investors are …
Index ETFs Are Back To Winning Ways; Europe Rises On German Data
[Chart courtesy of MarketWatch.com] The major index ETFs advanced Monday, shedding early losses as investors grew optimistic first quarter earnings would help equities rebound from their biggest weekly decline of the year. The gains were modest as buyers came in because they needed/wanted additional exposure in equities. Federal reserve Chairman Ben Bernanke is scheduled to address a conference in Atlanta …
ETFs/Mutual Funds On The Cutline – Updated Through 4/5/2013
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 338 (last week 349) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 4/7/2013
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 4/7/2013. It was a week of meandering as the major indexes made new highs but follow through buying was thoroughly lacking. The markets look tired here and even the Fed’s relentless money printing efforts seem …
One Man’s Opinion: Are The US Jobs Data Discouraging?
The latest nonfarm payroll report shows the US economy created 88,000 jobs in March following a revised 268,000 gain in February though the jobless rate slumped to a four-year low of 7.6 percent due to a decline in the size of the labor force and participation rate. The labor force participation rate and the number of people leaving the workforce …
New ETFs On The Block: Advisorshares Newfleet Multi-Sector Income ETF (MINC)
AdvisorShares, the Bethesda, Maryland-based sponsor of actively managed exchange-traded funds, has teamed up with San Francisco-based Newfleet Asset management, to launch a global broad-based income focused fund, the AdvisorShares Newfleet Multi-Sector Income ETF (MINC). If you are looking for exposure to all major bond sectors through a value-oriented approach, you may find MINC attractive. MINC aims to provide current income …