[Chart courtesy of MarketWatch.com] 1. Moving The Markets Major U.S. stock indexes mounted a solid comeback today; recovering their losses from the prior day and seeing the Dow log its largest gain in five weeks. As the chart above shows, all major indices gained nicely. We heard the latest Fed minutes today, but surprisingly there was little reaction from investors, …
Retail Numbers Drag Markets; MSFT Unveils Surface Pro 3…Are You Excited?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets finished the day all covered in red, with the indexes retreating as the chart above shows. All 10 primary S&P 500 sector indexes fell, and nearly three-fourths of Nasdaq-listed names were down for the day. Yesterday, I mentioned that there were still a few notable companies due for earnings reports this …
Markets Respond Mixed To M&A News As Q1 Earnings Season Winds Down
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks dwindled around breakeven for most of the day, but finished strong led by Internet stocks and mixed M&A success. All the major indexes closed higher as the chart above shows. In M&A news, AstraZeneca (AZN) rejected yet another takeover bid from Pfizer (PFE). AstraZeneca rejected a revised £69 billion ($116 billion) …
ETFs/Mutual Funds On The Cutline – Updated Through 05/16/2014
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 338 (last week 338) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is The European Central Bank Likely To Cut Refinance Rates In June While Refraining From QE?
The eurozone grew in the first quarter despite no mending of balance-sheets at the macro-level and stagnation in France and the Netherlands, said David Owen, Chief European Economist at Jefferies International. The building blocks for a sustainable and strong-based recovery were not simply there. Inflation in May is likely to print at or below 0.5 percent, which will put pressure …
New ETFs On The Block: The iShares Yield Optimized Bond ETF (BYLD)
iShares, the exchange-traded funds arm of BlackRock Inc, has launched a “fund of funds” in an effort to offer investors decent returns in a low interest rate environment. The iShares Yield Optimized Bond ETF (BYLD) is the latest addition to its portfolio of bond ETFs and aims to solve the risk-reward conundrum. With the Fed announcing in no uncertain terms …