[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks continued to climb on Wednesday, driven by news that businesses added 281,000 jobs last month, up from 179,000 in the previous month. The figure suggests the government’s monthly jobs report, due out Thursday, could also show a significant gain from May. Two of the three major indexes gained slightly as the …
Third Quarter Off To A ‘Bang’ Just Before 4th Of July Holiday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The markets opened the third quarter with a bang as the S&P 500 and Dow both climbed record highs at closing. The Dow was within 2 points of hitting 17,000 for the first time ever before pulling back slightly. The S&P 500 gained 0.7% to close at an all-time high of 1973.32. …
Halfway Through The Year The S&P Is Up 6%
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Both the Dow and S&P 500 lost ground slightly after flirting with record highs previously. We are now officially halfway through the trading year and the S&P 500 is up 6%, logging 22 record highs along the way. Over the past two months stocks have resumed their upward trajectory after getting off …
ETFs/Mutual Funds On The Cutline – Updated Through 06/27/2014
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 394 (last week 392) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will The Federal Reserve Raise Rates Even If Wages Don’t Pick Up?
The US Fed must re-calibrate their estimates after the disappointing first quarter gross domestic product (GDP) reading as the first six months of 2014 is likely to be flat despite a strong rebound in the second quarter, said Ellen Zentner, Senior US economist at Morgan Stanley. Although the data going into the second half is looking well enough for the …
New ETFs On The Block: iShares Core Dividend Growth ETF (DGRO)
iShares, BlackRock’s exchange traded funds unit, recently expanded its fairly-successful core suite of ETFs to help long-term investors keep more of what they earn. The world’s largest issuer of ETFs added 10 new funds to its Core suite of products to take its ‘broad and cheap’ approach one step further and added investment strategies such as value, growth and dividends …