[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets were back on track today as both the Dow and S&P 500 closed at record highs. The S&P 500 gained 0.5%, the Dow climbed 0.6% and the Nasdaq trumped as it gained 0.7%. As you may know, the Scotland independence debate has been all over the news and is hovering …
Edging Higher After A Dump, Pump And Dump Roller Coaster Ride
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes managed to eke out a small gain following a wild ride as a result of the Fed’s pledge to keep interest rates low for a “considerable time,” while ongoing concerns about “underutilization” in the labor market remain. No timetable for higher rates was announced, however, it appears that hikes …
Equities Jump Sharply Thanks To Two Assists
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes got two assists today, which propelled the markets out of the trading range with the S&P 500 making another assault at the 2,000 level after having been stuck below it for the past 1-1/2 weeks. China’s central bank got things started by announcing a boost in its stimulus measures …
Equities Continue To Trend Lower On Interest Rate Hike Speculation
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mostly lower today, continuing on the down-slide from a sub-par performance last week. The S&P 500 dropped a slight 0.08%, the Dow gained 0.26% and the Nasdaq lost 1.06% on the day. The focus on interest rates remain front and center this week as markets anxiously await the outcome of …
ETFs/Mutual Funds On The Cutline – Updated Through 09/12/2014
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 318 (last week 349) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will US Economic Growth Exceed 2 Percent This Year?
US bonds and stocks have been moving in tandem for some time now, indicating the new reality in price correlation, said Jim Bianco, President and Founder of Bianco Research. Historically, bond and stock correlations have never been stable over a period of decades; they go back and forth depending upon whether markets are worried about inflation or deflation. In the …