Smashing Exuberance

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] 1. Moving the Markets There was much hope of the Fed showing signs of not only relenting from their planned interest rate hikes in 2016 but possibly shifting in reverse and lowering rates in the very near future. Such was the anticipation as Fed chief Yellen delivered testimony in front of a congressional committee, which also …

Oil Dumps; Major Indexes Seesaw

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today was repeat of yesterday’s session in that markets sold off most of the day but managed a better recovery during the last hour by closing only slightly below the unchanged line. Apparently the bulls are still alive and putting up a fight during these tug-of-war sessions. The energy sector ended up …

Dead Cat Bounce Saves Indexes From Crashing

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets It it hadn’t been for a last hour turn-around, possibly a dead cat bounce, the major indexes may have headed for a steep dive. As it turned out, the worst was avoided for the time being, but this type of market action underscores what I have been saying since the middle of …

ETFs/Mutual Funds On The Cutline – Updated Through 02/05/2016

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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 40 (last week 38) are hovering in bullish territory. The second report includes only …

One Man’s Opinion: Are US Banks Well Capitalized?

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The US economy has been growing at 2 percent real and perhaps 2.9 percent nominal for the past several years, said Bill Gross, portfolio manager at Janus Capital Group. Japan is above the (recession) line and euro-land seems to have come out of their recession; so easy monetary policy is working a little bit, but central banks’ philosophy remains questionable. …

New ETFs On The Block: Guggenheim Dow Jones Industrial Average Dividend ETF (DJD)

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Amid heightened market volatility and slumping Treasury yields, many investors have started to believe lower rates will linger for a bit longer, meaning dividend plays could make hay for an extended period while the Fed falters. Such a scenario may look ideal for a strategically timed new smart-beta product from Guggenheim Investments.    The newly launched Guggenheim Dow Jones Industrial …