With the government shutdown now in its 9th day, with no apparent resolution in sight, the markets have become nervous with the S&P 500 giving back almost 2.5% since last week’s ETF Model Portfolio report. While our main directional gauge, the Domestic TTI, still remains on the bullish side of the trend line by +1.85%, this is as good a …
Major Index ETFs Drown In Fiscal Uncertainty
[Chart courtesy of MarketWatch.com] U.S. equities extended yesterday’s solid losses as a gauge of Wall Street anxiety hit its highest level in more than three months with equity markets showing growing concern over no indication of progress from lawmakers on budget and debt ceiling negotiations. A disappointing debt auction of one-month Treasury bills, which saw the rate almost triple the …
Stocks Dive Heading Into Second Week Of Shut Down
[Chart courtesy of MarketWatch.com] U.S. equities fell on Monday, extending two weeks of losses, amid the continued stalemate in Washington over a budget for the fiscal year, exacerbated by concerns surrounding the looming debt ceiling deadline. It was a poor start to the week for the equity market and the same thing could be said for politics in Washington. The …
ETFs/Mutual Funds On The Cutline – Updated Through 10/04/2013
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 321 (last week 315) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is It Likely The US Will Default On Its Obligations?
It’s increasingly likely the current deadlock over the so-called “Obamacare” will be tied to the ensuing debt-ceiling battle and the two issues most likely would be merged from a negotiation and outcome point of view, said Roger Altman, chairman of investment bank Evercore Partners Inc and a former US deputy Treasury secretary. The big framework however, is that the US …
New ETFs On The Block: Wisdomtree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree, the New York-based fifth largest provider of exchange-traded funds known for its range of products in equity, fixed income, currency and alternative asset classes, has added a new member in its emerging market equity space. The latest entrant – the WisdomTree Emerging Markets Consumer Growth Fund (EMCG) hits the market at a time when the bipartisan deadlock in Washington …