[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 index dropped back into the red for 2015, and the Dow ended down 252 points at 17,478 today after the ECB announced fresh stimulus efforts that didn’t meet the lofty expectations of investors. It was all about Europe today, as ECB President Mario Draghi failed to deliver on the …
Stocks Sink Despite Solid Jobs Numbers
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks were mixed most of the day, but then all three major benchmarks sank and finished down as news spread of a reported mass shooting in California. A standout amid the downturn was Yahoo (YHOO) as shares gained 5.8% on speculation the embattled tech icon may be acquired by an unspecified …
Markets Kick Off December In A Jolly Mood
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The all too familiar mantra pushed indexes higher with the S&P conquering the 2,100 level again. Equities rallied because economic outlook is fragile, bond yields are dropping, US manufacturing is extremely weak and suddenly the odds for a December rate hike are heading south. In other words, the markets rallied in the …
Stocks Fail To Impress Post-Thanksgiving Holiday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks traded modestly lower Monday as Wall Street kicked off a big week with investors eyeing Cyber Monday sales, a key bankers meeting in Europe Thursday that could result in more stimulus efforts and the monthly U.S. jobs report on Friday. Heading into today’s trading session, which marks the final day …
ETFs/Mutual Funds On The Cutline – Updated Through 11/27/2015
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 381 ETFs, of which currently 120 (last week 107) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Do Corporate Profits Reflect The Split In US Economic Activity?
The recent stream of data indicates everything is good enough for the Fed to proceed as planned with a rate-hike in December, said Michael Gapen, Chief US Economist. Although the latest inflation report came in softer than many had expected, it was no surprise; again that was just further softness in core goods prices, being weighed down by a stronger …